Micro Finance

Micro-finance is a financial innovation that has emerged through many experiments with Poverty
alleviationProgrammes carried out in different areas. It has successfully enabled impoverished people
to engage in Self Employment Projects that allow them to generate an income and in many cases, to
build wealth and exit poverty. Micro-finance involves mobilisation of saving through Bank, extension
of small loan, Micro Insurance and essentially an element of capacity building of the beneficiaries to
label them more per-bankable than non- bankable.​

Since inception the NGO has undertaken various development Programmes, SEVA, Manipur
received grant and loan fundon a basis from state and Central Government and from multilateral
agencies for its developmental projects.Moreover, the NGO also has various training cum production
centres called micro enterprise units, SHGs & JLGs.The initiative thus improved their income
generation capacity, higher income and sound financial status.​


* Create a fair and level playing field for every micro entrepreneur so that they do not need to be
permanently dependent just because they are not qualified for the mainstream finance.

* Revive the root of banking so that credit is once again based on trust and relationship and
person’s wealth or poverty has no bearing on his/her credit worthiness.

* Make a real and lasting Psychological, Social & Financial impact on individuals of SHG
Members, help build strong cohesive communities and generate substantial job opportunities
and economic benefit for society as whole.

* Make available financial services at lowest possible cost at the door step of the customers.

SEVA, Manipur Believes that financial inclusion and access to credit is critical and empowering,
especially in its operating areas where formal banking network is way to sparse and limited. SEVA
with the aim of providing basic financial services for the rural poor started its flagship micro-credit
program in 2009 in persuasion of the resolution adopted in the GBM held in 2007. The program
received local support as well as national level institutions including BASIX (IGS), FWWB-India, Rang

SEVA believes promotion of SHGs and JLGs act as a tool for harnessing social as well as economic
capital among the poor households. SEVA Manipur’s microfinance program is presently operational in
more than 200 villages in 7 districts of Manipur viz. Imphal East, Imphal West, Moirang, Thoubal,
Kakching Chandel, Ukhrul Districts.

The components of microfinance support extended towards its clients by the association
can be divided into the following broad categories of loan products:

1. Income generation loan
2. Education Loan
3. Micro Venture Loan
4. Entrepreneur Loan
5. Individual Loan
6. Mini Home Lighting System( Solution for Darkness)