People and practice
Management
Profile of the members
Mostly from small and marginal income groups.
The members of the CVMACTS are mostly hails from a small and marginal income groups engaging in occupations as daily wage earners in unorganized sectors, construction sites, housekeepers in shopping complexes, mall and factories, domestic maid servants etc. whereas some of them are engaged in petty business such as General stores, tailoring etc.
The office
Open on official working days for savings and loans.
Morning
10.30 am – 1.00 pm
Afternoon
3.00 pm – 5.00 pm
Board
11 directors
Elected from the members, meeting every month
The society is running on rental premises at 8-2-80/68, Road No. 1, Mallikarjun Nagar Colony, Chintal Kunta Check Post, Opposite Basera Apartment, L.B. Nagar, Hyderabad (RR. Dist) 500074. The society office run on all official working days, the office opens at 10.30 am to 1.00 PM and 3.00 PM to 5.00 pm and allows savings and loan payment, loan application, loan sanctioning etc., transactions on regular basis.
The society deployed four member staff including one field staff, one office assistant. The accountant manages all accounts transactions on day to day basis and does internal auditing on quarterly basis. The annual accounts are audited by registered Chartered Accountant M/S Sivakrishna & Narayana, appointed by the society. The Office Assistant supports the members in the society transactions and field worker support the members and groups in the field.
The society has 11 Board of Directors who are elected among the members of the society. The Board meets on monthly basis on stipulated date and time and review the monthly progress of society and subsequently plan for next month. However, the board meets on a monthly basis the board members are always available and provide their time for day to basis whenever it requires.
Coming five years
Future plans of the society
The society meets all institutional and legal formalities prescribed in the byelaws as per the Act. The society organises every year Annual General Body Meeting (AGBM) and review the progress of the society and plan for of the next year. The society as following future plan in coming 5 years: