Objective:

The main objective of the company is to assist the poor women for their upliftment, promoting entrepreneurship and providing micro credit/ finance in different loan cycle at reasonable rates of interest.

Role functions of Repco Micro Finance

A. Group Formation:

• To conduct baseline survey to assess the level of poverty, social issues and identify households (target groups)
• To arrange preliminary meeting of members and assisting them to form SHGs.
• Imparting training and assisting them to open bank accounts.
• To encourage savings among group members

B. Capacity Building:

• To conduct membership training to create awareness, skill training for income generation.
• To organize leadership training for improving sustainability
• To provide Skill training viz tailoring, fabric painting , soft toys making, catering, beautician , basic computers, jute bag making etc.
• To organize exposure visits to institutions / successful groups for improving confidence.

C. Bank Linkage:

• To build credit proposal and secure sanction of credit limits.
• To arrange for documentation at their doorsteps and provide guidelines for best utilization of credit

D. Follow Up & Monitoring:

• To attend group meetings, organize mass meetings to disseminate knowledge and guide for regular repayment.
• To identify the future needs viz. capacity building, financial & social activities
• To pave way for sustainability

E. Marketing Support:

• Separate wing to market SHG products.
• Identification of the products .
• Display of the products at the Exhibitions.
• Identify suitable buyers.