They have done much more than uplift their own lives. Members of the city-based Self-Employed Women's Association (Sewa), it appears, will now be playing an instrumental role in the empowerment of women farmers in Africa! It seems likely that India and the US will together replicate Sewa's agriculture model in Africa, for the betterment of the women farmers there. A discussion to this effect took place during US president Barack...
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Farmer commits suicide in Nashik after rain ruins crops by Vaishali Balajiwale
A young farmer from Nashik committed suicide after failing to bear the burden of damage to crops due to unseasonal rains. Dyneshwar Bhikaji Adake, 32, a resident of Nanegaon, hung himself in the early hours of Monday. Villagers said Adake had developed four acres of land as a vineyard, which was damaged due to unseasonal rains last fortnight. With mounting debts, he hung himself from a grill after midnight. Police have...
More »Leave well alone
MICROFINANCE is an example of something that is sadly all too rare: an anti-poverty tool that usually at least breaks even. If you make small, uncollateralised business loans to groups of poor women, they almost always repay them on time. It has grown rapidly in many countries, not least Bangladesh and India. With nearly 30m clients each, these are now the world’s biggest markets for microfinance. Yet the industry has...
More »Microfinance: What's wrong with it by M Rajshekhar
The poster boy of microfinance is now seeking some anonymity. In Andhra Pradesh, the epicentre of the worst crisis faced by microfinance in India, SKS Microfinance is playing down its identity and going into preservation mode. At its modest office in a residential colony in Warangal district, India’s largest microfinance company has taken down its board. At its head office in upmarket Begumpet in Hyderabad, it hung a cloth mesh...
More »Micro finance, macro objectives by Krishnamurthy V Subramanian
Sample some data on the microfinance performance in India: According to the data provided by www.mixmarket.org, microfinance in India reached close to 270 lakh active borrowers in 2009, with the average loan size close to Rs 8,000. This translates into total borrowing to over Rs 20,000 crore. Though this number seems large, it represents only 0.3% of our GDP. Thus, large swathes of poor, both in our villages and urban...
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