Sahyog Development Services
SDS is Registered as a Not-for-Profit Section 8 Company under companies Act, 2013(Erstwhile Section 25 Company under Companies Act, 1956). SDS came into existence on 23rd January, 2014 with registration number U74900BR2014NPL021912. Company’s registered and corporate office is in Patna, Bihar.
SDS is established and promoted by four people who have rich experience of running diversified business which includes microfinance field operation. In addition to having domain expertise of microfinance, Promoters and Directors of the company have distinguished and vast experience of running hospitality, infrastructure, and retailing business. The Board and Management team in their individual capacity bring in valuable experience built over last few decades working across different states of India.
SDS is led by Mr. Raman Shyam Singh who is also Director of company. Raman has done Post Graduate Diploma in Rural Management (PGDRM) from Institute of Rural Management Anand (IRMA). Raman has almost a decade experience of working for reputed companies like SKS Microfinance (now called Bharat Financial Inclusion Limited-BFIL and working as subsidiary organization of IndusInd bank) , MocroSave India Private Limited , Arohan Financial Services and EDA Rural Systems/M-CRIL.
During last almost 6 years of existence SDS has majorly been into Microfinance where small loans are given to women Joint Liability Groups (JLGs). SDS started its microfinance activity with Sanitation/Toilet retail finance through institution of JLGs of women but of late company has diversified its portfolio into Agriculture and Allied activities, vending and other Income Generation Loans (IGLs). Till date during last almost 6 years of its operation SDS has financed close to 20 Thousand microfinance loans to economically disadvantaged women. Additionally company is also having small proportion of its portfolio in Individual Enterprise, E-rickshaw and solar appliances financing.