PRESENTED TO : Dr.

SARBANI MUKHERJEE PRESENTED BY : GROUP 3

INSIDE THE LIFE OF MUMTAJ A SWEEPER

SITUATION 1 SITUATION 2

SITUATION 3
THERE IS NOTHING TO BE SURPRISED.FOR SUCH EVENTS ARE COMMON IN RURAL INDIA..!!!!

SO WHAT CAN MUMTAJ DO ?

IS THERE NO WAY FOR HER TO SAVE HER MONEY OR BECOME FINANCIALLY INDEPENDENT ?
THERE IS

Self Employed Womens Association

 Started in 1972 Ela Bhatt and a small number of self-employed poor women Registered in Gujarat

Main Objective : To Strengthen its members bargaining power to improve their income, employment and access to Social security security

Problems faced by self employed women

Caught in the vicious cycle of poverty Indebtedness No government assistance Low income

So the obvious solution??

SEWA links them to national banks !!!

But will it work ??

Not really !!!

Banks are unable to relate to these women as their clients The gap between the sophisticated bank staff and the women in shabby clothes accompanied by noisy children cannot be bridged easily

The solution
A bank of their own, where They would be accepted in their own right Not be made to feel inferior Banking services are provided to the poor, illiterate, self-employed women

SEWA BANK
A bank by women, for women

SEWA helps women

To escape from the clutches of money lenders
To rescue their mortgage/pledge assets, such as land ornaments & cattle To create their own assets, such as house, savings & equipment To expand their business through productive credit To cope with losses due to sickness, accidents, death, floods & riots To increase their bargaining power

To improve their living condition

To improve themselves ultimately

FINANCIAL SERVICES FOR WOMEN

Repay old debt

Working capital for business

Buying equipment Repairing, extending, buying new houses

Education of children Marriage of children Old age

CREDIT
Insurance against risk of sickness, accidents, death, floods, cyclones etc

SAVINGS

SEWA BANK :
A BANK WHERE WOMEN ARE THE USERS, OWNERS AND MANAGERS SERVICES
Door to door service

Savings Credit Insurance Financial counseling ATM

Simple procedures

Mobilizes linkages with other support services like Vocational training Healthcare Childcare Legal aid Marketing Housing etc

Credit based on savings performance or loan repayment

Different types of suitable products

SEWA APPROACHES TO BANKING

PRIORITY FOR SAVINGS

INTEGRATED APPROACH
Provides access to markets, information, technical know-how, social support systems by working closely with other economic organizations

APPROPRIATE MECHANISMS
Simple, special procedures and mechanisms suited to the culture, needs and economy of the poor and illiterate

ASSET CREATION
Transfer of houses and land on womens name and acquiring assets in their name

YOU DONT BELIEVE US SOUNDS TOO GOOD TO BE TRUE.

HERE ARE SOME OF OUR CLIENTS STORIES !

BEFORE

Hanifas husband was a daily wage laborer in private factory Work was irregular and no regular income. Hanifa started tea vending on a rented cart with cost of Rs10 and earns daily Rs 20 In 1978 she was introduced to SEWA bank member by Sushila as a rag picker and opened an savings account with Rs 5 per day and soon applied for loan.

loans

Amount

Utilizations

1st loan

1500 Bought a cart and repaired the roof of her hut

2ndloan

5000 Borrowed stocks and interest saved Rs450 PM

3rd loan

5000 Doubled her house by buying neighbor hut

4th loan

10000 Bought Tin sheets for roof and paid tuition fees for auto rickshaw driving for her husband

5th loan

10000 Installation of electricity and Drainage

6th loan

15000 Build cart into a cabin with wider variety of stocks

7th loan

planned

buying another cart for her son as well as for herself (Dalroti) and Toilet

Income and Assets have increased. Improved living conditions. Employment creation for her son and husband. Improved saving in Bank. Linked 100-120 neighbors women's & relatives Covered work security insurance scheme Become one of the gold card holders of SEWA Bank.

BEFORE Agriculture labor in village (Gujarat). She and her husband earns Rs3 per day. Irregular work and low income. In 1978 both migrated to Ahmedabad with Rs 7.

Joined SEWA bank through chandaben. Started trading new utensils in exchange for old clothes Both took sewing lessons (skills cost Rs125) to repair old cloths and sell them for a good price.

1st loan of Rs 500 invested in buying a basket, Aluminum Utensils and households food grains and oils.
2nd loan invested in business with appointing tailor and washer man. She kept repaying one loan and taking other loan.

Owing own pucca house and furniture's Investing in gold and silvers Getting daughter married Improved living conditions

Income and Assets increased

Improved saving in Bank

SO LETS SEE WHAT MUMTAJ THINKS NOW..

AND THATS EXACTLY WHAT SEWA DOES FOR THE POOR SELFEMLOYED WOMEN !!!!