Microfinance Cooperatives and Microinsurance

Microfinance, Cooperatives and Microinsurance as Sustainable Solutions

Microfinance is being increasingly recognized as a sustainable solution for developmental interventions. In fact, the success of some innovative experiments to alleviate poverty in countries has proved that small credit given to the poor can effectively increase their income-level through entrepreneurship and skill support development. In addition to this, it has also been noted that [...]

Gender in Microfinance and Cooperatives

Gender should an integrated component of all the activities of the strategy. Gender equality should be ensured in all the stages of cooperative formation and strengthening. In order to bring women forward on par with men, special attention should be given to women. Women should be given priority in the SHG formation process. In order [...]

Sustainability of Cooperatives

The strategy can adopt the following ways to promote the cooperatives and ensure their sustainability.

Building effective management information systems (MIS) Reaching large number of clients with vision for growth; Promoting savings services and diversify savings products; Offering services that fit the clients’ needs and diversify loan products; Simplify procedures to reduce operational costs; Motivating [...]

Cooperatives as a Means to Promote Sustainable Livelihoods

Cooperatives play a crucial role in promoting values of self-reliance, good governance, equity and transparency. The concept of cooperatives is based upon the ethical values of openness, honesty and social responsibility. They are organized by a group of persons voluntarily coming together to meet their common social, economic and cultural needs. They are owned and [...]

Savings and Credit Cooperatives

The strategy can involve development of microfinance through promotional activities at two-levels: SHG and cooperative level. Self-Help Groups cab be promoted at the village/ hamlet level consisting of, say, 20 members. The SHGs meet at regular intervals and collect savings from the members and carry out inter-lending among themselves. The Groups will be strengthened through [...]