SAMHITA MICROFINANCE RECOGNIZED AT SRIJAN 2008 MICROFINANCE COMPETITION

Unitus congratulates Samhita Microfinance on winning the “Most Promising Business Idea - I” award at the prestigious Srijan 2008 Microfinance Business Plan Competition. Samhita delivers innovative microfinance services in the Indian state of Madhya Pradesh, and has been a Unitus partner since early this year.

The competition—organized by Intellecap and Aavishkaar Goodwell Microfinance Development Company in partnership with The Financial Express—was held to highlight the "best ideas for reaching India's financially excluded. . . It helps put the spotlight on emerging and established enterprises that could directly or indirectly create opportunities for greater financial inclusion."

Samhita Microfinance was started up in 2007 in the Rewa district of Madhya Pradesh, with a lean operation model designed for rapid scalability through the support of state-of-the-art technology solutions. Samhita complements its credit provision with a wide array of health, environmental and educational initiatives provided by the Samhita Community Development Services network partners.