Place: Mandideep
District: Raisen
State: Madhya Pradesh
Intervention:
Sandhya Sharma of UMA SHG started a small provision store in her house from a small loan supported by NGO Mahila Chetna Manch and now she has a big store with good investment and better returns. She says all credit goes to Mahila Chetna Manch and NABFINS for hand-holding and credit support whenever required. All the members of UMA SHG started a small business like Tiffin center, Papad making, beauty parlor, chalk making, etc. inspired by this small example set by Sandhya.
Uniqueness:
According to Sandhya “NABFINS doesn’t focus only on profit-making from their credit support, they concentrate on the overall development of SHG. Their reasonable rate of interest, loan size according to need, and most importantly their pattern of lending makes it different from others.
The pattern of lending depends on group saving, through which habit of saving was inculcated to us, now each member of SHG save Rs 500/M and we have more than 2 lakhs as group saving which make us financially independent, Loan size is available according to our saving and needs with a reasonable time period of repayment.
How it benefited:
Sandhya: “This is the third time when our SHG applied for credit support from NABFINS for Rs.5 Lakh, earlier we applied for Rs 1.5lakh and Rs 3 lakh. Initially, credit support from NABFINS helped in starting our business, “We got a chance to change our dream into reality”. Now from the support of 5 lakh we will invest more into our business and will make it more profit-making.
Documented by: Kamlendra Kumar Singh, Assistant Manager (Bhopal), NABFINS
