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Showing posts from March, 2010

microfinance, changing lives of rural women......

Munia is living in a small helmet of Bihar and mother of three kids. Life was not so easy for her around two year back. Her condition became all the more miserable when her husband Buddhan left her and went to Mumbai for a better future, but neither he returned nor any news of him came. The thought of taking care of her kids without any viable source of income haunted Munia every other day.But one day someone told her about the microfinance scheme of a cooperative society. The cooperative was providing loan to women who belongs to downtrodden families on a very nominal interest rate. Munia appelied for the loan and she got a loan of the Rs 6000/- and bought some goats. She reared the goats with care and sold them to the local market, and surprisingly within year she made a profit of Rs 3003. She even paid up the loan in a year. Now she has adopted this as a profession and is selling grown goats to local kasai(butcherman). Her children are now going school and she has a saving in a bank