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Cashpor Annual Report 2017-18

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Cashpor Won Best MFI of the Year Award 2012

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Governance:


Prof. David S. Gibbons, Chairman of the Board

Prof. Gibbons is a PhD holder in Politics from Princeton in 1968. He taught subsequently at University Sains in Penang, under whose auspices he founded Amanah Ikhtiar Malaysia, the first successful international replication of the Grameen Bank of Bangladesh. In 1996, Prof. Gibbons founded CASHPOR Financial and Technical Services which is the holding company of CASHPOR Micro Credit, a Not-for-Profit MFI working exclusively for BPL Households in the most backward districts of the Nation. He was awarded with ‘Contribution to the Growth of the Microfinance Sector in India by an Individual Award’ in 2011 at Access Microfinance India Summit. Besides this, he has also been a member of Policy Advisory Group of CGAP, World Bank. He has authored and co-authored many papers and training manuals on building institutional capacity for microfinance for poor women. Prof. Gibbons Chairs the Board of CASHPOR Group of Companies and provides his strategic guidance and leadership to the Board and the Company.

 

   

Mr. Bahram Navroz Vakil, Hon. Vice-Chairperson

 
One of the Co-founding and senior partners of AZB and Partners of Mumbai, Mr. Vakil is amongst India’s foremost infrastructure and project finance attorneys. Mr. Vakil was a member of the Bankruptcy Law Reform Committee (which led to the implementation of the Insolvency and Bankruptcy Code, 2016) and has also served as a member on various high-level government committees on financial reform, foreign direct investment and securities market reform. Mr. Vakil is on the Board of CASHPOR Micro Credit since December 2011. He is also a Trustee of CASHPOR Trust. He also serves on the Board of several Companies in the capacity of Independent Director and Non-Executive Director. He has an in-depth knowledge of the microfinance, regulatory and banking sectors. Mr. Vakil is an advocate of Bar Council of Maharashtra and Goa and also a member of the New York Bar Council. He holds Bachelors in Law from Mumbai University and Master’s Degree in Law from Columbia University.
   

Mr. Mukul Jaiswal, Managing Director

 
Mr. Mukul Jaiswalis a Chartered Accountant by qualification. Mr. Jaiswal has a long association with CASHPOR group of companies – earlier in his capacity as a statutory auditor and thereafter in the capacity of the Managing Director. Mr. Jaiswal is an ex-officio member of the Board and of the Financing Committee, Risk Management Committee and Corporate Social Responsibility Committee of the Board of CASHPOR Micro Credit. He is also a Director of CASHPOR Financial and Technical Services Private Limited, CASHPOR Financial Services Private Limited and many other Prominent MFI’S across India. He has over 17 years of rich experience in the field of microfinance. Under his able guidance and leadership, CASHPOR has bagged the “Best Microfinance Institution of 2012” in the large category award & True lift leader Milestone Award by Smart Campaign in 2013 and received “2015 Microfinance Institution of the Year Award” in Asia/Pacific region from Whole Planet Foundation and “SKOCH Order-of-Merit Award for Financial Inclusion and Deepening” in 2015.
   

Ms. Moumita Sen Sarma, Director

 
Ms. Sen Sarma , is the Director of Isha Leadership Academy, an initiative of Isha Foundation. Its flagship program, “Insight: The DNA of Success”, has been widely acclaimed as a unique leadership program that combines inner sciences with outer management, for scaling up one’s business as well as one’s own self. A Chartered Accountant by training, Ms. Sen Sarma has served the Financial Services sector for 22 years in several capacities, prior to joining Isha Foundation as a full time volunteer in 2010. Till March 2010, she served as the Head of Microfinance and Sustainable Development at ABN AMRO Bank, India. In 2003 she set up the Bank’s Microfinance business and was also the architect of the ABN AMRO Foundation India, (later renamed RBS Foundation India). Led by her team’s work, the Bank won many awards and recognition in the area of Sustainability, including the Global IFC / FT Sustainable Banking Award in the Emerging Markets category in 2007. Her team also produced a Sustainability Report of the Indian Operations of ABN AMRO, a first of its kind for the Financial Services Sector in India which won the Global GRI’s Reader’s choice Award. Ms. Sen Sarma currently serves the not-for-profit sector as a Board Member of Isha Institute of Inner Sciences (Tennessee, USA) since 2013 and Cashpor Micro Credit (Varanasi, India) since 2003 and Trustee of Isha Foundation (Coimbatore, India) since 2012. She has also served on the boards of Oxfam India (Delhi, India 2008 to 2014) and Ananya Finance for Inclusive Growth (Ahmedabad, India, 2010 to 2014) ABN AMRO Foundation (Mumbai, 2006 to 2010) and as a Stakeholder Council Member of Global Reporting Initiative (GRI), Amsterdam, Netherlands until 2012. She has been a frequent speaker at conferences on both Microfinance and Sustainable Development in India and abroad (incl USA, EU: World Bank/IFC, Tallberg, WEC, Ethical Corporation, Women’s World Banking, Euro Market Forum, Sa-Dhan, WRI) as well as Business Schools in India (IIM Ahmedabad, ISB Hyderabad, S.P Jain Mumbai). Ms Sen Sarma joined ABN AMRO Bank in the year 1998 and prior to setting up the Bank’s Microfinance business in India, worked within the Bank with several responsibilities ranging from Risk Management (wholesale credit) to lending (large Corporate clients). Prior to joining ABN AMRO, Ms Sen Sarma worked with American Express Bank for 3 years (1996-1998) managing corporate relationships; prior to that she was looking after the leasing and hire-purchase business of SRF Finance (later acquired by GE Capital) for 3 years (1993-1996). She also spent a year in consultancy with Price Waterhouse Coopers (1993). Ms Sen Sarma trained at Price Waterhouse Coopers for her CA and is a Graduate in Physics from the Presidency College, Chennai, India.