"Society for Micro Economy Development Activities"
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Holistic transformation by empowering the poor with appropriate means
To assist the poor of North Eastern India to achieved a higher standards of living by providing client-centered financial services
To alleviate poverty by assisting the poor to get access to financial capital at a reasonably low rate of interest through micro credit and through skills development.
Society for Micro Economy Development Activites(SofMEDA) evolved from a small project initiated by North East India commitee on relief & Development (NEICORD), a Christian development organization located in Shillong
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Since then, We as a microfinance institution have been bridging the vacuum created between the loan inaccessibilty of the poor and the many formal banking institutions.Our Service have benefitted the poor since these last 18 years of our inception
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To aleviate poverty by assisting the poor to get access to financial capital at a reasonably low rate of interest through micro credit and through skill development improve the quality of life,supported by health awareness hygiene and over all spiritual development giving them a holistic approach
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Our CLS grant financial aid to people group or entities who may be marked as non credit worthy by formal financial institutions due to their occupations.
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We ,as SoFMEDA adopt the SHG model for delivering the micro loans to the poor stata of a community thereby, catering to their financial needs
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This financial assistant is for those people who want to expand their businesses and becomes entrepreneurs and even job creation
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Year of Experience
Our work and endeavor aims to shine a positive influence to the society and communities that we come intouch with.
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Our work and endeavor aims to shine a positive influence to the society and communicate that we come intouch with
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Mr Sangliangkhuma (clients) and Mrs. Lalthansangi Sailo(Promoter)
Mr Sangliangkhuma receiving ₹ 100000 for his expansion of his groceries shop in happy valley,Shillong,Meghalaya
Mrs. Rothangpui with her roadside vegetables shop in Madanryting Received a loan of ₹ 50000
Mrs. Deihnu Gangte received a loan of ₹ 100000 for opening a grocery shop in Madanryting
Mrs. Lalhruaipuii received a loan of ₹ 200000 as MTL to invest in her readymade shop in Happy Valley, Shillong