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TESTIMONIALS
	^{Good outreach,stabilized model and decentralized structure with cost efficiency.All the best.} SIDBI ^{A very impressive presentation by Mr.Thambi.} NABARD,H.O Mumbai ^{Never seen a MFI like BWDA.} LOK CAPITAL,New Delhi ^{Impressive contribution to society & timely appropriate intervention.BFL's performance is excellent with hope to grow immensely.} FWWB ^{BWDA is doing excellent work and also building rural infrastructure on its own which is an example to other NGO's.} RMK,New Delhi ^{Thrilled to meet BWDA/BFL's people and to learn about all the good work.Keep it up! Looking forward for an excellent future together.} OPPURTUNITY INTERNATIONAL AUSTRALIA ^{A good business model with strong grass root focus.Wish you luck.} UNITUS ^{Very happy to see the good work being done! Keep it up.} DFID ^{Excellent work is view done in the MFI.Please keep it up! for the years to come.} NABARD, H.O Mumbai

DIRECTORS REPORT

2007-08 was an important year for many reasons.Our customer Outreach has reached nearly 3 Lakhs. Our Micro Finance Programme had a positive impact on the livelihood of the poor and the very poor. We have strengthened our Internal Control system at par with the ever growing size of the organization that ensures accountability & transparency of Operations.......more

BFL (Micro Finance)

By 1998, the IFAD funded WDP had came to an end but the TNWDC continued the WDP under �Mahalir Thittam� and continued its partnership with BWDA. By this time the number of SHGs had grown large and the cumulative credit requirements had inflated. Banks were not very eager to take up the cause of financing these groups. Besides, the banks were not in a position to understand the problems and requirements of the groups.

It was at this juncture that BWDA decided to start its own mirco-finance programme to cater to the credit requirements of the groups as well as address their other credit related issues. It started its micro-finance on September 9th, 1999 with an initial fund of Rs. 1.5 million from the Rashtriya Mahila Kosh (RMK), New Delhi, under the name of BWDA Welfare Scheme (BWS).

Since then, BWDA was actively engaged in its micro-finance programme besides its usual Social Mobilization programmes in the areas of women SHG formation, health and sanitation, family welfare, animal welfare, education, vocational training for women and various awareness programmes concerning gender issues and education.