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Field Partner
CBM Group,
Nagpur,Maharastra
Total Loan Disbursed: Rs 2795000
Repayment Rate: 100%
Founder:Shri. Bhola Nathji Wiz
Center for Bharatiya Management Development is a section 25 company registered under companies' act 1956. Its registered office is in New Delhi. With an aim to empower the nation by empowering the poor it launched its microfinance programme on 1st November 2006 from Nagpur. After completion of area surveys and selection of suitable areas and other primary work like training and formation of centers it started disbursements from March 14th 2007. Its vision is to reach 1 million poor families by 2016 with a brand image of reliable MFI by determinedly working in the country with diversified and client centered services". Its mission is to Help the poor by providing accessibility to financial services and livelihood development activities, where they lead their lives with dignity and fulfill their needs, aspirations and ambitions to deliver citizen-responsibilities to empower the nation.
About the place
Nagpur is the green-city of India. Nagpur has a mean altitude of 310 meters above sea level.[17] Nagpur has a tropical wet and dry climate, with dry conditions prevailing for most of the year as it is located at centre of Indian peninsula far from Bay of Bengal and Arabian sea. Nagpur city receives an annual rainfall of 1,205 mm (47.44 in) from monsoon rains during June to September.[18] The highest recorded rainfall was 304 mm on July 14, 1994.[19] Summers are extremely hot lasting from March to June, with maximum temperatures in May. Winter lasts from November to January with temperatures dropping below 10°C (50°F).[17] The highest recorded temperature in the city was 48.6 °C (119.5 °F) on 1954-05-26[6], while the lowest was 3 °C.