Namathu Deepam Micro Finance Services

Namathu Deepam Micro Finance Services
General Information
Name of BC Company	Namathu Deepam Micro Finance Services (NDMFS)
States of Operations	Tamil Nadu
Banking Partners	Punjab National Bank, Indian Overseas Bank, Indian Bank, Corporation Bank, Laxmi Vilas Bank, HDFC Bank and ICICI Bank.
Technology Partner	Self
Year Established	2008
Overview
Established in 2008 as a Section 25 company, “Namathu Deepam Micro Finance Services’’ acts as Business Correspondent for Indian Overseas Bank and Banking Facilitator for State Bank of India, along with its own microfinance program in Tamilnadu. Its Parent organization Avvai Village Welfare Society (AVVAI) was founded in 1976 by Ms. Ambujam, a Gandhian and a disciple of Shri. Vinoba Bhave. She saw that the landless laborers who were given free lands were unable to hold on to them due to ignorance. She founded AVVAI to uplift and empower the marginalized groups such as children, women, elders and disaster victims.
Mode of Operations
1.  To provide a range of financial services to the costumers at very reasonable cost including saving, credit, insurance, money transfer and remittance. 2.  Financial and institutional sustainability as a mean of providing access to financial services overtime. 3.  Multiple provider of financial services wherever feasible so as to bring cost effective and wide variety of alternative to costumers.
Product Offered
1.  Saving Account Opening   2.  Small Value Cash Deposit   3.  Small Value Cash withdrawal   4.  Small Value Fund Transfer   5.  Small Value Term Deposit/Recurring Deposit   6.  Small Value Fund Remittance   7.  Disbursement and Repayment of Small Value Loan   8.  Insurance and Mutual Fund Product
Contact Details
Email	avvaikk@gmail.com
Website	www.namathudeepammicrofinanceservices.org
Fax	04364-247464
Telephone	9443317544
Office Address	260-Public Office Road, Velipalayam – Nagapattinam 611 001, Tamilnadu
Contact Person	Mr. Krishnakumar
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