Micro Finance

Micro Finance

MICRO-FINANCE PROGRAMME IN NASIK (MAHARASHTRA)

Over the past decade, the Foundation has been engaging with tribal women in the blocks of Peth and Trimbakeshwar of District Nasik. In order to harness the strength that lies within any collective, groups of 10-12 women are registered as Self-Help Group or SHG. In partnership with the project’s funding agency, District Rural Development Agency (DRDA), the SHGs are trained to be able to access subsidized micro-loans offered by banks. Simultaneously, SNSF facilitates training in income-generating activities for the SHG members. 
 
The micro-loans ranging from Rs 2.5 to 4 Lacs and the training made available are put to work by the initiation of micro-enterprises, which function at both levels – of an individual and a group. Entrepreneurial initiatives are varied ranging from being agro-related, poultry, grocery & running of other small stores etc. 
 
A decade’s work has unfolded in the formation of 450-odd groups and still continuing, who have had access to Rs. 54 million worth in loans and recorded 100% record in loan repayment.
 
Today, SHGs have marched ahead on their collective strength and have further organized themselves into federations. In addition to doubling their personal family incomes, improving their housing conditions and ensuring more years of education to their children; the groups lead their villages in cleanliness campaigns and volunteer in ensuring smooth conduction of pulse polio camps. Emerging as an effective media for social change, SHGs are also contracted by district authorities to supply mid-day meals for ‘aaganwadis’, cooked meals and dry provisions to tribal ‘ashramshalas’ adding yet another feather in their cap. 
 
 
MICRO-FINANCE PROGRAMME IN DEWAS (MADHYA PRADESH) & DISTRICT SOLAN (HIMACHAL PRADESH)
 
Similar to SNS Foundation’s partnership with District Rural Development Agency in Nasik for implementing Micro-Finance / Micro-Entrepreneurial initiatives, is its partnership with NABARD (National Bank for Agriculture and Rural Development) at Parwanoo (Himachal Pradesh) and Dewas (Himachal Pradesh) for furthering the cause of economic development of rural marginalized women.
 
The Foundation’s teams at both these locations of Parwanoo and Dewas have successfully facilitated the formation of over 250 self help groups, at their respective locations; enhancing economic opportunities for 11,000 odd families. 
 
Thus, through its micro-finance initiatives, the Foundation reaches out to approx. 16,000 families, which are managed by its teams at Nasik, Parwanoo and Dewas.