31-10-2012, 05:10 PM
GRAMA VIDIYAL MICRO FINANCE LIMITED
GRAMA VIDIYAL MICRO FINANCE LIMITED.docx (Size: 40.26 KB / Downloads: 46)
INTRODUCTION
Grama vidiyal is a micro finance institution, operating in the Tamil Nadu area of south india. Mr. S Devaraj, the Chairman & Managing Director of GVMFL, after his initial exposures to Grameen Bank of Bangladesh, had adopted microfinance as a tool to fight poverty in South India. His programs of financial inclusion through Grama Vidiyal Trust had been making remarkable change in the lives of many women and their families since it inception in 1997. Grama Vidiyal Microfinance Limited (GVMFL), a Non-banking Finance Company (NBFC) registered under the Company's Act, 1956. As of now, its serves one million households in 4 states of the country utilising the dedicated services of more than 2800 employees. Thus far, GVMFL had disbursed `18 billion ($398 million) for various income generating activities and the present loan outstanding portfolio is `6 billion ($128 million).
OBJECTIVE OF THE STUDY
1. To examine the effective reach of GVMFL.
2. To examine the Financial Statement Analysis of the company.
3. To learn about operation strategy of the company.
4. To know about the members satisfaction.
5. To know about the people development.
6. To know about the financial position of the company.
7. To study the profile of the company.
SCOPE OF THE STUDY
1. The organizational study is to know about the company’s progress in industry.
2. The study covers the members how they are developing through the company service.
3. This study is focus on benefit and welfare of the members.
4. The study is focus on operation strategy of the company, how they are attracting the people.
METHODOLOGY OF THE STUDY
RESEARCH:
Research is a process in which the researcher wishes to find out the end result for a given problem and thus the solution helps in future course of action. The research has been defined as “A careful investigation or enquiry especially through search for new fact in any Branch of knowledge”.
METHODOLOGY:
The procedure using, which researchers go about their work of describing, explaining and predicting phenomena, is called Methodology. Methods compromise the procedures used for generating, collecting, and evaluating data. Methods are the ways of obtaining information useful for assessing explanation.
TYPE OF RESEARCH:
The type of research used in this project is descriptive in nature. Descriptive research is essentially a fact finding related largely to the present, abstracting generations by cross sectional study of the current situation.
DESCRIPTIVE RESEARCH AIMS
To portray the characteristics of a particular individual situation or group (with or without specific initial hypothesis about the nature of this characteristics). To determine the frequency with which something occurs or with which it is associated with something else (usually, but not always, with a specific initial hypothesis).
The descriptive method has certain limitation; one is that the research may make description itself an end itself. Research is essentially creative and demands the discovery of facts on order to lead a solution of the problem. A second limitation is associated whether the statistical technique dominates. The desire to over emphasis central tendencies and to fact in terms of Average, Correlation, Means and dispersion may not always be either welcome. This limitation arises because statistics which is partly a descriptive tool of analysis can aid but not always explain causal relation.
DESIGN OF DESCRIPTIVE STUDIES:
Descriptive studies aim at portraying accurately the characteristics of a particular group or solution.
A descriptive study involves the following steps:
1. Formulating the objectives of the study.
2. Defining the population and selecting the sample.
3. Designing the method of data collection.
4. Analysis of the data.
5. Conclusion and recommendation for further improvement in the practices.