Socio economic action Trust (SEAT) is initiated by VVD.  VVD initiated microfinance activities under the Caption “Poor women Talent Search Credit program” in the year 2007. The microfinance operation of VVD does not have a separate institutional form, however, the microfinance program has a dedicated board and staff members for the governance and administration of the microfinance program 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.

The Executive committee of VVD made a resolution for separate registration of VVD-MF programe for scaling up the operation. Accordingly an application to the Sub-registrar for registration in the name of SEAT was made . The trust deed was signed by both Executive committee of VVD & Board of Trustees in the presence of the Sub- Registrar on 11^th Aug.2015.

Since then VVD(MF) have been preparing and obtaining the necessary documents and in want of all those legal related documents couldn`t spin off as planned.  As SEAT has acquired all the necessary legal characteristics and the change of legal entity become a necessity decided to complete the formaliztion on 30^th Sept.2019 . Accordingly final agreement was signed between VVD & Seat on 1^st oct.2019. Henceforth  all the required liabilities & Assets  of VVD/MF transfer to SEAT  officially.

MISSION

“To provide financial and related capacitating services for enhancing livelihood of the underserved community (women) of the hills and valley of Manipur.”

VISION

“To become a sustainable MFI providing microfinance services in an integrated manner”

VVD Micro Finance program is presently working with 736 groups consisting of 11537 clients; out of which 5388 members are active clients.  Since inception till March, 2019 the cumulative number of 46,228 clients has availed credit support. The total cumulative loan received till 31^st March, 2019 was Rs. 21,67,64,636 and total loan disbursed was  Rs.66,12,72,499.

VVD Microfinance program is operating in partnership with North Eastern Development Finance corporation (NEDFi)  Ananya Finance for Growth, Private Ltd.  Ahmedabad, Friends of Women’s World Banking (FWWB) India, Basix (INDIAN GRAMEEN SERVICES)  Milaap  Social Venture,IFIG& CORDAID  Netherlands .