Sahash Micro Credit Foundation was incorporated on 08 August 2016 and is registered with the Registrar of Companies, Kanpur under CIN U65990UP2016NPL085469. Its registered office is at Kanchanpur in Varanasi district, Uttar Pradesh.
The gap we set out to close is a familiar one in eastern Uttar Pradesh. A woman who runs a tailoring unit from her veranda, a man who sells vegetables from a handcart, a household that keeps two buffaloes — each has a working, cash-generating trade, and each is turned away by a formal lender for want of collateral, a salary slip or a credit history.
What they usually turn to instead is an informal lender charging several per cent a month, with no receipt, no fixed tenure and no recourse. Our purpose is to stand in that gap with credit that is small enough to be useful, priced transparently, documented properly, and collected with courtesy.
We have worked in this district since 2016, and the discipline we operate by has not changed: modest ticket sizes, careful assessment of household cash flow, every charge disclosed in writing before disbursement, and a Fair Practices Code that our own field staff are held to.
Particulars as per records of the Ministry of Corporate Affairs. Last Annual General Meeting held on 30 September 2023; balance sheet last filed for the year ended 31 March 2023. Incorporation evidences registration of the company only. It is not a licence or permission to carry on any regulated activity, and the company does not accept deposits from the public.
To place small, fairly priced, collateral-free credit within reach of low-income households in and around Varanasi, so that a working trade is never held back for want of a few thousand rupees.
To become the lender that families in eastern Uttar Pradesh recommend to their neighbours — known less for its size than for the plainness of its terms and the conduct of its staff.
Rate, processing fee, insurance premium, EMI and total repayment go on paper and are read aloud in the borrower's language before signature. No charge appears later that was not disclosed first.
Credit routed through women tends to reach the household. Our group and SHG products are designed for women borrowers, with group meetings held at times that suit them.
We check existing borrowings and household cash flow before sanction. Lending more than a family can repay is a failure of appraisal, not a sale.
No borrower is shouted at, shamed in front of neighbours, or visited at unreasonable hours. Difficulty in repayment is a conversation, not a confrontation.
Our products are shaped around six kinds of livelihood we see every day in the villages and peri-urban belts of Varanasi district.
Groups of 5 to 10 members running petty trade, tailoring, food processing or handicraft from home.
Kirana stores, tea stalls, cycle repair, cosmetics and mobile accessory shops needing working capital or stock.
Families adding a buffalo, goats or poultry, where repayment follows the milk collection cycle.
Vegetable vendors, input traders, irrigation users and small-scale post-harvest handlers.
The company is governed by its Board, as recorded with the Ministry of Corporate Affairs.
Director
Director
