
WHAT WE CHANGE
Ananya is an impact lender investing in every possible opportunity that contributes to the equitable socio-economic development of the underbanked and unbanked population from underserved areas of the country, especially women. Hence, our efforts in social performance management are not an attempt to only report our impact. Instead, it is a practice for the organization to improve its internal capacity and processes for all-around sustainable development. Ananya is one of the few NBFI in India whose 100% portfolio is in the impact space. In order to understand every aspect of our social performance and impact on our stakeholders, we incorporate multiple tools and methodologies for assessment and management.
DIMENSION 2: Commitment to Social Goals
CERISE SPI4 AUDIT 2021-22
Ananya started its SPM assessment and monitoring journey with SPI4 audit organized by Cerise, France. The audit entailed a process evaluation to understand social effectiveness and efficiency of Ananya towards its stakeholders. The audit was conducted by Cerise qualified internal and external auditors. A total of 10 MFI partners participated in the audit process. The results from the SPI4 audit are as follows:
OVERALL SCORES
GLOBAL SCORE
ANANYA's SCORE
75.6%
68.0%
DIMENSION WISE SCORES
DIMENSION 1: Define and Monitor Social Goals
DIMENSION 4: Treat Clients Responsibly
DIMENSION 5: Treat Employees Responsibly
DIMENSION 6: Balanced Social and Financial Perfromance
AUDITED BY CERISE QUALIFIED SPI4 AUDITORS


PARTICIPATING PARTNER MFIs










The Spi4 audit enabled us to take a deeper look at the existing systems and processes from an impact perspective. The audit has helped us establish a benchmark for improving and sustaining an industry relevant social performance.
Valar Aditi
DIMENSION 3: Design Products that meets Client's Needs
HARUNA TANAKA
Cerise Qualified SPI4 External Auditor
CHERIAL NEO
Cerise Qualified SPI4 External Auditor
AVI JAIN
Cerise Qualified SPI4 Internal Auditor
DIMENSION 2: Commitment to Social Goals
CORPORATE SOCIAL RESPONSIBILITY
We, at Ananya Finance, have always been cognisant of our responsibilities as a corporate citizen. This reflects in our choice of sectors that we serve through our financial products and services – microfinance, agriculture and impact MSMEs. We believe that integrating social, environmental and ethical responsibilities into the governance of businesses ensures long term success, competitiveness and sustainability.
While contemplating the activity for CSR, we wanted to choose an activity that we could work on year-after-year. This would not only ensure that we gain expertise in the activity but would also ensure sustainability of our interventions. We chose to work in the area of nurturing women entrepreneurship.
In the FY 2019-20, Ananya undertook its first-ever CSR activity mandated by the regulation. The details of which are as follows:
Nurturing Women Entrepreneurs through Training and Skill Development
2019-20: Under the project, FWWB reached out to 200 women from marginalized communities in the districts of Anand and Kheda in Gujarat. After undertaking livelihood scoping study to understand the demand and supply of various livelihood activities, FWWB focused on select few livelihood activities. Local resource persons were trained as master trainers to ensure longer hand holding support. The shortlisted women were imparted training on financial literacy, financial planning, business planning, livelihood skills etc. These trainings have helped the participants with necessary knowledge and skills to start their entrepreneurial journeys.
2020-21: The project targeted women between the age group of 18-45 who are socio-economically disadvantaged from low-income households in rural and semi-urban areas and it reached out to 135 such beneficiaries including women in urban, semi urban and rural areas that are engaged in livelihood activities in the district of Gandhinagar in Gujarat. The project aimed at nurturing women entrepreneurship by enhancing their business and livelihood skills.
CSR IN NUMBERS
INR Spent on CSR
19,00,000
Women Impacted
335

Enterprises Served
190
CSR & SPM COMMITTEE
The CSR & SPM Committee of Ananya is headed by reverent Mr. Sanjay Gandhi from Gojo and Co. and Ms. Tara Nair from Gujarat Institute of Development and Research. The committee entails activities and discussions focused on investing Ananya's CSR funds on sustainable socio-economic development projects identified in the distressed areas of India. The committee is also responsible for forming, implementing and monitoring CSR policy of Ananya as per the provisions of Section 135 of the Companies Act, 2013 (‘the Act’) read with The Companies (Corporate Social Responsibility Policy) Rules, 2014.
IMPLEMENTING PARTNERS

Friends of WWB, India (FWWB) has collaborated with Ananya Finance for Inclusive Growth Pvt Ltd. to provide capacity building support for Livelihood Enhancement of Women members/groups aimed at achieving greater financial inclusion for the women members, increase their wealth management and independence by empowering them in their micro business activities to make it more sustainable. FWWB aims to fill this skills and knowledge gap through its Women Entrepreneurship Support Program, empowering women to run sustainable enterprises that can enhance the well-being of their households. The objective is to expand its outreach to women-led micro-enterprises by providing skill building training, hand-holding support and facilitate building linkages for financial assistance to make their enterprise sustainable.
SDG Data as on 31st March, 2022
ERADICATING POVERTY
Ananya's core philosophy is lessening poverty levels of the country. We do the same by ensuring accessible and feasible financial services to the unbanked and underserved section of the society. Ananya is providing training and skill building support along with credit support to people who lack any source of income to aid them in starting their own income-generating activity. The support is extended across 385 districts in India catering to the largest population of people at the bottom of the pyramid. A significant percent of the support is extended to people living in the most backward regions of India.

OUR IMPACT
58+
Institutions Impacted
13,43,246+

Beneficiaries Served
615.65+ Cr.

INR Disbursed for SDG 1
REDUCING HUNGER
Ananya extends loans to FPOs that helps in increasing income of their smallholder farmer members and provides incentives to continue working in the sector. FPOs also work with farmers to promote sustainable agriculture and increase productivity. Ananya finances the adoption of cultivating the organic and non-pesticide management crops. We provide credit and training support for income-generating activities to individuals for economic enterprise creation and to enterprises that create livelihoods/increase income and reduces hunger levels in India. Ananya's commitment towards reducing hunger is focused primarily on financing FPOs and agriculture related ventures.

OUR IMPACT
54+
Institutions Impacted
88,518+

Beneficiaries Served
419.39+ Cr.

INR Disbursed for SDG 1
GENDER EQUALITY
Ananya extends micro-loans to women borrowers that empowers them to start and sustain their economic enterprises. Ananya has committed in its shareholder's agreement to have a minimum of 80% of its exposure to women borrowers at all points of time. Moreover, the objective of our capacity building programmes revolves around women empowerment in diverse fields. We firmly believe that our programmes and financial services enable women to proactively participate in diverse economic activities. We ensure that our partners in the financial sector have mutual interest in terms of gender equality and women empowerment.

OUR IMPACT
Institutions Impacted
35+
Beneficiaries Served
81,392+

INR Disbursed for SDG 1
388+ Cr.

CLEAN ENERGY
Social enterprises are an emerging theme to combat socio-economic inequalities while protecting environment and promoting economic growth. However, these impact SMEs are not properly funded to meet their requirements. Ananya recognizes the efforts of these impact enterprises. We have created exclusive financial services to cater to the needs of the impact SMEs and green enterprises. We also engage in programmes where we enable sustainable landscape portfolios to enable impact SMEs with accessible and conducive financial services. We aspire to become a proactive green investor with a decent slice of our portfolio by 2025.

OUR IMPACT
Institutions Impacted
4+
Beneficiaries Served
358+

INR Disbursed for SDG 7