Pune CMDA plans flexible loan scheme

The Computer & Media Dealers Association, Pune, is planning to launch a flexible loan scheme for its

members who experience payment problems. The maximum loan that is expected to be

disbursed is Rs 100,000.

Commenting on the flexible

short-term loan scheme, president of CMDA, Vinayak Patwardhan, says that the

scheme was meant to help small dealers who are not in a position to raise quick

money from banks or financial institutions.

From revenue point of view,

Pune CMDA finds itself in a comfortable situation. Its annual exhibition has

been bringing in money that the association now wants to put to use to help out

needy channel partners.

CMDA is working on the

logistics and full-time manpower that would be required to verify dealer

credentials, disburse loans and then look after the recovery. Says Vinayak,

"The objective is to render timely help to those members for whom funds are

not easily available."

If CMDA succeeds in the

venture, it would be the first channel organization in the country to come out

with a progressive measure in the interest of partners.