Microfinance - An Initiative To Eradicate Proverty
Self Help Group Federations
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More than one Self Help Group comes together to form a Federation. So, it has larger membership hence gives ability to members to take more loan.
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As of today we have 7-8 Federations serving it's beneficiaries adequately by us and it serves as a perfect tool for us to eliminate poverty or lack of finances in economic weaker sections of target communities.
Self Help Groups
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SHGs are the building blocks of organisation of the poor and hence the main strategy of SIDE to eradicating poverty.
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Not only do they help women become financially self-reliant, the regular meetings of the group provide a platform to discuss and act on a variety of social issues such as health, nutrition, domestic violence, etc.
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They can get timely loans for a variety of purposes and at a reasonable interest rate.
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The SHGs help the borrower to overcome the problem of lack of collateral.
Income Generation and Enterprenuership Training
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To equip women through training to generate income
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To make them aware about their skills which can be monetised in the market making them financial independent
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To provide them hand holding support
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(seed funding, working capital and enterpreneurship training) at the initial stage if women want to start a small scale business
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To generate employability among women by providing them skills which are in demand according to market trend.
