why nonfinancial services?
DESCRIPTION
Presentation is prepared for the meeting organized for pune & mumbai ngos on 7th Sept 2011.TRANSCRIPT
WHY NON FINANCIAL SERVICES?WHY NON FINANCIAL SERVICES?
Inter Aide
Kishor MAGDUMKishor MAGDUM
77thth Sep 2011 Sep 2011
Our Promise – Our Goal
Improve the livelihood of the familiesImprove the livelihood of the families
Enrich the lives of the poorEnrich the lives of the poor
Improve and strengthen the living Improve and strengthen the living conditioncondition
Collaborate with poor people to help Collaborate with poor people to help them in upgrading their socio them in upgrading their socio
economic status.economic status.
Our Target Population
Very vulnerable, poor & excluded Very vulnerable, poor & excluded familiesfamilies
Livelihood…Livelihood…
It includes skills, knowledge and capacity, health, access to education, sources of credit, or networks of social support.
Improving livelihood?Is it merely by giving loans, Is it merely by giving loans,
collecting savings & providing collecting savings & providing financial services?financial services?
No!!!
Only loans and saving can not be Only loans and saving can not be enough for improving livelihood!!!enough for improving livelihood!!!
April 24, 2023
Name of Presentation 11
Services
1997 ???200620032000
Credit•Solidarity Group
•Individual
Credit•Solidarity Group
•Individual
•Housing
•Consumer
•Utility bill
•Small Business
Credit•Solidarity Group
•Individual
•Housing
•Consumer
•Utility bill
•Small Business
•Vehicle
•Fixed Asset
•Gold loans
Savings•Savings Accounts
•Fixed Deposit
Payments•Utility Bills
Credit•Solidarity Group
•Individual
•Housing
•Consumer
•Utility bill
•Small Business
•Vehicle
•Fixed Asset
•Gold loans
Savings•Savings Accounts
•Fixed Deposit
Money Transfers•Utility Bills
•Remittances
Insurances•Life
•Health
*Source: Rhyne,E. & M Oterio (Microfinance through next decade)
It can lead into behavioral change along with economical progress
Current Current Behaviors Desired Desired BehaviorsBehaviors
Examples of Behavior Change
Hesitant to acquire newer skills
NFS
PRESENT/CURRENT FUTURE/DESIRED
Ignorant about productive usage of capital & debt
Knows when & from where to borrow, how to utilize for maximum gain
Ready to learn & improve