AKMI has conducted full day Workshop on Audit at Ujjivan Financial Services Pvt Ltd., Bangalore. Workshop started with welcoming the participants by CEO and addressed by Mr Samit Ghosh, Chairman, AKMI. Head of different MFIs have taken initiative and presented different themes related to Audit Department.They are:-

1. Addressing the Challenge of Meeting Guidelines on Multiple lending and role of Audit:
   Mr Guru Swamy from Chaitanya made the presentation. The presentation included introduction, reasons for problems, What Chaitanya does?
2. Portfolio audit by Samasta MFI:
   The presentation was done by Mr Kanagavel. R from Samasta.  The subject includes, introduction, importance, Purpose, tracing individual, loans by H.O. to Borrowers and cross
   verification with other accounting records.
3. The utility of Google drives in timely audit reporting across multiple stakeholders, simultaneously , harnessing Technology for Audit Reporting:
   The presentation was done by Mr Subbarao, supported by Mr Chandrasekhar and Mr Prakash Sundaram of FFSL.
4.  Integration of Code of conduct & customer protection principles in the audit process of MFI:
   The presentation was done by Mr Parikshith and Supported by Mr Prakash of Grameenkoota
5.  Post audit follow up and Conclusion of issues OR Risk-audit coordination to improve overall process control:
   The presentation done by Mr Sathamoorthy and supported by Ms Krishna Latha of Janalakshmi.
6. Ensuring Effective Compliance” OR “Fraud Prevention:
   The presentation done by Mr Alagar Swamy and supported by Mr Premkumar of Ujjivan

After summing up of the entire day’s proceedings the feedback was collected

• Subject covered was elaborative and good – Expressed by representative from Muthoot
•  Need to invite external invitee for presentation- Expressed by representative from Micro Build
•  Akmi is doing good work by conducting this type of workshop and other meetings. There is no such type of activities in Tamil Nadu also- Expressed by representative from Equitas
• This type of workshops are like peer group discussions, it should be in workshop model.

Finally Mr Samit Ghosh- Chairman, AKMI given valedictory address.

The workshop was concluded with vote of thanks by CEO AKMI.

AKMI arranged a interaction session with SIDBI officials on ” Expectations of SIDBI from Microfinance Institutions (MFIs) on Loan Proposal”.
Event was arranged in Ashirwad, Bagalore on 12th May 2014. Event was started with welcome speech by Mr K J Morab, CEO, AKMI and inauguration speech by Mr Samit Ghosh, Chairman, AKMI. Mr Sathianandan, GM, Regional Office, SIDBI- Bangalore addressed the participants. During his speech, he expressed his happiness for arrangement done by AKMI. During his presentation, he covered the following subjects.
1. Microfinance and its scope in poverty alleviation programs.
2. Role of MFIs in financial literacy and financial inclusion.
3. Role of SIDBI in Financial Inclusion.
4. SIDBI- mission for micro finance and its phases.
5. International Partners of SIDBI
6. Responsible micro financing
7. Initiatives taken by SIDBI in underserved states including North East region.
He also informed that SIDBI has taken decision to lend mainly to NBFC-MFI, at the same time for NGO & trust. He expressed that the proposal on the merits. Among AKMI
members, Prakruthi Foundation and Rors got the clarifications.

Mr THR Samad, DGM, SIDBI and Ms S. Lakshmi, Manager, SIDBI made presentation on expectations of SIDBI on loan proposals from MFIs on following items.
1) Approach
2) Eligibility criteria
3) Security
4) Documents required
5) General matter
6) Constraints

Mr Sanjay Kher, National Head, SME Rating Agencies of India Ltd.,(SMERA), Mumbai made presentation on credit rating of MFIs.

This is followed by Q & A/Interactive session and votes of thanks by AKMI.