Since it’s inception in 2008, Parash Foundation is actively engaged in Microfinance activities and other social activities in North East India. Present focus is in creating a generation of successful micro entrepreneurs.
The Foundation conducts surveys in various areas to identify potential micro-entrepreneurs. Foundation officials then guide the identified micro-entrepreneurs to form suitable groups. Then a meeting of the group is organized where officials from our foundation explains about microfinance and it’s scope in micro-entrepreneurship in general and about the objectives, rules and regulations of Parash Foundation in particulars with special emphasis on how to get financial assistance to build successful small businesses.
Micro-entrepreneurs willing to apply for loan are then advised and guided to apply for loan in prescribed form of the foundation. Application forms are provided and assistance is offered in filling up the application forms correctly. Filled up application forms for loan are then accepted from each individual micro-entrepreneur.
Field investigation is conducted for each individual application for loan. Care is taken to complete the field investigations in time. In field investigation, the information provided by the applicant is verified and the potential and prospect of the micro-entrepreneur are assessed. Field investigations are normally completed within 15 days. After field investigations are completed, loans are sanctioned.
Then a meeting is convened in a location suitable for the members of the group e.g. in the residence of one of the members. Repayment procedure is explained by official of our foundation. Queries by members are answered. The sanctioned loan amount is disbursed to each member in cheque or in cash.
After disbursement of loan, developments are continuously monitored to ensure success of each micro-entrepreneur and re-payment of loans.

Target group for Microfinance: Our main motive is to empower woman

1. Micro-entrepreneurs
2. Vegetable vendors
3. Small Pan-shop owner
4. Small grocery shop owner
5. Small tea stall owner
6. Small hotel owner
7. Weaver
8. House maids / part timer
9. Housewives whose husband is doing low income activities like rickshawala, thelawala,
10. Any kind of needy people.

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