Credit Society Marraige Bureau Welfare Board Women's Wing Vishwakairali Viswavidya Foundation Community Networking
About Us
You're safe on Vishwakarma
Marraiage Bureau

We use encryption to protect sensitive information transmitted online. We do not sell any information posted by our members to external sources or use it for marketing purposes.



Testimonials

Hear the couple speak about their experience and thoughts about online match finding.

A glance at the various Events scheduled for the year.



Know more about
Kerala Vishwakarma
Association

Where we began our journey and the philosophy behind.

It would be our pleasure to help you find the right match through us. Get in
touch!.

Credit Society

Kerala Vishwakarma Co-operative Credit Society Ltd, shortly referred to as KVCC was formed in 2000-01 with an aim of providing loans for the needy in our community. Over a period of time investments in KVCCL grew in the form of Fixed Deposits, Recurring Deposits, etc. It was estimated that our community members badly need funds for their various requirements. KVCC has been extending personal loans, educational loans, housing repair loans, etc. It had also been providing loans for marriages, education, etc.

KVCC Business Meet in progress

Business, not charity KVCCL offers various types of loans at a nominal rate of interest to salaried individuals and growing businesses that lack access to conventional forms of credit. It is committed to the economic and social development of its borrowers and to promote our community’s economic growth. While there is clearly a social component to this initiative, it is not a philanthropic initiative. The majority of the loans are given to the members considering their repayment capacity.

Achievements

After 8 years of unity and hard work KVCC’s progress graph is moving upwards, which is evident from the graph below. Today we have a share capital of Rs.18,05,138; Fixed Deposits have increased to Rs.58,53,972; Recurring Deposits to Rs.7,11,673 and loans to members stood up to Rs.64,19,319. We have a Reserve Fund of Rs.4,06,722.

The Ladies Wing of KVA (Thane, Bhandup, Dombivli, Vasai) have promoted Recurring Deposits within their respective areas and they have been successful in collecting a substantial amount. Through the provision of Micro-credit, KVCCL is committed to the economic and social development of its borrowers and to promoting our community’s economic growth.



Our Patron Member Shri. N. Purushothama receiving the Special Contribution Award from BARC Chairman

Risks

KVCCL faces a number of risks in the lending arena. Although informal lenders charge much higher interest rates, they also give loans much more easily (with a simple phone call it is possible to have a loan approved and the money delivered immediately). KVCCL must ensure that it effectively communicates the benefits of its products and services and positively differentiates itself from the informal lenders.

Finally as with any other lending institutions there is always an issue of default risk. Here KVCCL has number of procedures to mitigate that risk, checking on its potential clients and requiring guarantors. It keeps track of individuals that have defaulted on loans, which helps in scrutinizing the status of individuals availing the loan.

Shri. Jagathy Sreekumar beloved cine artist of Malayalam cinema with active members

Promotion

We at KVCCL had organized various Zonal Meets and through other various programmes, we are promoting our loans products to the community members. Our members help in explaining about the loan, the documentation and the procedure for obtaining a loan to the people who wants to avail loan from KVCC.

KVCC Business Meet in progress

Since KVCCL is a registered society we have to abide by the rules and regulation laid by the Act. However as it has become difficult to obtain borrowers that meet all criteria, we are easing some of these rules.

As estimate 50% of our community members are informal micro-entrepreneurs and of these 70% run profitable businesses, 90% of whom do not have access to credit. It is estimated that 50% of these micro-entrepreneurs would apply for a loan if they had access to easy availability of loans or credit.


Opportunities

Although our community had easy access to other credit lending institutions or informal lenders (with much higher interest rates and securities), KVCCL providing credit facility to our community with a nominal rate of interest with two guarantors, thereby developing a situation that meets both KVCCL’s risk reduction and customer’s need for finance.

In response to the challenge of continuing to grow its client base, KVCCL has formulated some plans with its parent association KVA in the near future. KVCCL would continue to innovate its product, focusing on maintaining efficiency as well as increasing the effectiveness of its products and services in reaching its target.

BOARD OF DIRECTORS OF KERALA VISHWAKARMA CO-OP CREDIT SOC. LTD.

Sri. DAMODARAN M. V. Chairman


Sri. RAJAN V. V.
Vice-Chairman


Sri. RAJAN T. P. V.
Secretary


Sri VIJAYAN V.
Jt. Secretary (Finance)


Sri. MOHAN P.
Jt. Secretary (Administration)


Sri. PARAMESWARAN K. ACHARYA.
Director


Sri. SASIDHARAN A.
Director


Sri. SUNDARAN. K.
Director.


Sri. RAVINDRAN K. B.
Director


Sri. PRASANT. K.
Director


Sri. BALMURALI V.
Director


Sri. RAVINDRAN. M. V. Director


Sri. GOPINATHAN K.
Director


Sri. HARIDAS. T.
Director


Smt. SHANI RAJAN
Director


Sri. SAJITKUMAR NANU Internal Auditor



Rates

FIXED DEPOSIT
2 Years and above 10%
1 Year to 2 Years 8%
6 Months up to 1 Year 7%
Up to 6 Months 6%
RECURRING DEPOSIT
3 Years 9%
2 Years 8%
1 Years 7%
INTEREST RATE FOR LOANS
Educational Loan 12%
Personal Loan 15%
Business Loan 15%
 

Talk to us today! 022-25662644