VISION: “To become a sustainable NGO MFI providing micro finance services in an ANNUAL REPORT integrated manner” MISSION: ‘To 1ST APRIL 2018 provide financial and related capacitating TO services for enhancing livelihood of the 31ST MARCH 2019 underserved community (women) of the SOCIO ECONOMIC ACTION TRUST hills and valley of KHARARSHONGZAN, HUNGPUNG, UKHRUL DISTRICT , MANIPUR. Manipur” EMAIL:
[email protected] 1 | P a g e SL.NO CONTENTS PAGE NO 1 Brief Introduction to the Organisation 2 2 Vision & Mission Statement 3 3 What SEAT Do?? 4 4 Program Activities at a Glance 5 5 Board Profile 9 6 Financial Statement 10 1 2 | P a g e BRIEF INTRODUCTION TO ORGANISATION Socio Economic Action Trust (SEAT) is a Non-Government Organisation. VVD initiated microfinance activities under the banner “ Poor Women Talent Search Credit Program” in the year 2007 as one of its major thematic program. The microfinance operation of VVD does not have a separate institutional form, however, with the microfinance program instituted an autonomous management having professional members on finance. It has a dedicated staff members and separate administration respectively. Also, the microfinance program known as VVD-MF maintains separate accounts and financial reporting for its program reflecting clarity in program focus and its further development. In 2013 both VVD & VVD-MF board felt the need for separation taking into account the ground situation and experts’ advice to address the growing demand of credit in the rural areas. The senior management team along with some of the board members had a series of consultation with the then Microsave, who was the capacity building consultant of VVD(MF) at that point of time and Chartered Accountant for choosing the right path.