Self-Help Groups among Women
In India Self help groups are generally considered as the vehicle of change for the poor and marginalized. It is a method of organising the poor people and the marginalized to come together to solve their individual problem. To be specific, Self-help groups help in organising poor women with a broad anti-poverty agenda. The women groups are used as instrument for a variety of goals including empowering women, developing leadership abilities among poor people, increasing participation in local development processes, and collective bargaining/pressure mechanism in improving access to basic facilities and services.
The financial intermediation tool that includes regular monthly saving by members of self-help groups provides credit facility to its members otherwise considered unbankable is seen more as an entry point to serves larger empowerment goals rather than as a primary objective. This helps in creating a “capital pool” with access to credit in a suitable terms and condition easily understood by them. This model works as a most appropriate way of delivering micro-finance services to poor that have been difficult to reach directly through banks or other institutions. By aggregating their individual savings into a single deposit, self-help groups minimize the bank’s transaction costs and generate an attractive volume of deposits.
FODRA has been so far successful in :
• Promoting more 350 self-help groups till date directly benefiting 6,000 plus families;
• Promoting more 100 trained bare-foot SHG animators with capability to lead the locals in their neighbourhoods
• Mobilizing more than 30 million INR as accumulated equity through monthly savings mobilisation
• Providing credit to more 2500 members from its own revolving savings fund