Where we work

South Asia
• Bangladesh
• India
◦ ASA
    ◦ CASHPOR
    ◦ CCD
    ◦ ESAF
    ◦ Grameen Koota
    ◦ SHARE
    ◦ SKS
    ◦ Sonata
    ◦ D. Ellevva's story
    ◦ Pentamma's story
• Pakistan

East and Southeast Asia

Latin America / Caribbean

Middle East / North Africa

Sub-Saharan Africa

United States

Grameen Foundation : Where we work : South Asia : India : CASHPOR

CASHPOR Financial and Technical Services

Status snapshot as of March 2008
Active clients	354,668
Loan portfolio (USD)	$34,411,480
Portfolio At Risk >30 days*	1.8%
* Value of all loans outstanding that have one or more installments past due more than 30 days

CASHPOR Financial and Technical Services (CFTS), founded by Professor David S. Gibbons, began its microlending program using Grameen Bank methodology in Mirzapur (Uttar Pradesh, India) in mid-1997 with the mission to identify and motivate poor women in the rural areas and to deliver financial services to them in an honest, timely and efficient manner. In 2003, CFTS’s microfinance business was transferred to a new company, Cashpor Micro Credit (CMC), due to regulatory reasons. CFTS remains a holding company for CMC.

CASHPOR (the group of companies) is known for its innovation, having developed the widely used Cashpor Housing Index as a means of identifying poor people so that they can be targeted and provided financial services. CASHPOR also piloted the partnership model in 2003 with ICICI Bank (India’s largest commercial bank).

CASHPOR is headquartered in Varanasi in Uttar Pradesh, India and has operations mainly in the eastern part of Uttar Pradesh and western Bihar, where some of the poorest people in India live.

Outreach:

CASHPOR has gone from serving 1,738 clients as of March 1999 to supporting over 350,000 clients as of March 2008.

Cumulatively, the organization has loaned its clients almost $30 million since its inception and plans to reach more than 500,000 clients by 2010 with a portfolio of approximately $58.6 million.

A social rating exercise by Microcredit Ratings International Limited (M-CRIL), a reputed rating agency in the microfinance sector, concluded in August 2005 that 70 percent of CMC’s clients were estimated to be living below the international poverty line, and a majority of CMC’s clients had no previous access to formal, low-cost credit.

Grameen Foundation support:

Grameen Foundation made its first loan to CASHPOR in 2000. Since then, we have provided a total of $1,060,000 in funding to them. These funds have primarily been provided as loans and guarantees to support CASHPOR’s growth and their relationships with commercial banks. In November 2005, Grameen Foundation made its first equity investment in a MFI by investing $250,000 in CFTS, along with the same amount from Vinod Khosla, a Silicon Valley venture capitalist and co-founder of Sun Microsystems

Grameen Foundation : Where we work : South Asia : India : CASHPOR