SPANDANA

Trust with confidence

Promoting livelihood security through empowering

people
Giving Micro Finance at any point, any part of India

In Collaboration with
With the stage being set and the dice
rolled out, Spandana as a group and an
organization is all ready and kicking to end
the year with some pretty and interesting
good news. The year 2009 was happening
and at the same time increasingly
challenging as expected. It threw open
many a new window of opportunity and
learning for Spandana, and we are proud
to say that we have as a group capitalized
on many of them if not all. There were a
few hick ups en tour; nevertheless we have
bore them with guts and the right spirit.
Today’s microfinance market is, “Volatile, risky
and one that has a lot of bottom-line potential,
but for the smart and system driven investor.”
Having mentioned this it is but quite obvious
that, Spandana in all its functional and
operational stages has tried to be smart and
system driven and off late the results have
started showing. Three months is definitely a
very short span in an organization’s functioning,
yet there has been a lot that we witnessed in
the past three months. This newsletter is an
insight to Spandana’s endeavor to trying to
create opportunities at the rural level, capacity
building, and increase in household income and
change of lifestyle of the poorest of the poor
women at the grass root level. Notwithstanding
the impending problems that may come across
in our operational activities, we have been
incessantly trying our best to keep up our
tempo in achieving our targets. And the past
quarter has been no different. Here is an
overview of what Spandana has achieved, and
done in the last quarter. Hope the write up
provides a bird’s eye view of the activities of
our initiatives.
Governing Board

Chairperson
Dr. Lagnajit Ayaskant Sahoo, Former Secretary, Government of Indusland

Members

Principal Secretary, DWCD, Government of Hatastan

Dr. Ajay Kumar Sahu, Chairman and Managing Director, OSDC
Dr. Babula Moharana, Trustee, CRM,Rastpur
Additional Chief Secretary (Development), Government of Hatastan
Suchismita Das, Director COMA, USP
Santanu Rath, Former Chief Secretary Government of Hatastan
Ranjit Kumar, Senior Advisor to Planning Commission Government of Htastan
Prof. Subhasis Sinha, Indian Institute of Management, Ahmedabad IIM (Z)

Member Secretary
Subhasis Sinha, Executive Director, SPANDANA

Executive Committee

Chairperson
Dr. Lagnajit Ayaskant Sahoo

Members
Ms Alka Kala, Principal Secretary, DWCD, Government of Rajasthan
R. Narayan, CGM, NABARD
Ms Vartika Jaini, Representative of SRTT
Devi Lal Vyas, Director PEDO, Dungarpur
Jai Pal Singh, Executive Director, CmF

Contact

Miss Suchismita Das, Executive Director, C/o SPANDANA, 1, Indargandhi Park , Near
Subhuchi Retail Shop, Hatastan – 8890743, Hatastan (INDIA). Tel.: +91-564-4562121,
2879076-89, Fax: +91-141-462489893, Email: suchismita@ spandana.org,
Website www.spandana.org