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Achieving financial and social viability at the same, and empowering women in Banglasesh

shammi Rifah Tamannah
shammi Rifah Tamannah

This document outlines a plan to empower rural women in developing countries through providing access to loans and savings. It will establish a regional office, field officers, and village organizations to deliver financial services. Loans will support income-generating activities selected based on a needs assessment survey. Savings groups of 15-25 women will meet regularly with field officers. The plan aims to develop the local economy through empowering dependent women and establishing sustainable small businesses. Government assistance with training and links to other financial institutions could help the program succeed.

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(EmpoweringWomen)
In rural area, women are disproportionately excluded from financial systems and resources needed to manage households, limiting their ability to be self-sufficient, or contribute to the familys income and decision-making. Furthermore, money in the hands of women is more likely to be invested in the needs of the family, such as nutrition, childrens education, land or housing. We are planning to provide women with access to investment loans and savings services.These loans will be invested in a range of uses according to the need of individual borrowers and their households. It will be used to support income-generating activities and micro- enterprises such as cattle-rearing, craft-making, small cottage businesses etc.
First of all, we would like to make a survey for our target people (women) to know about their present skills, capabilities, needs then we will provide the loans according to their requirement. Loans will be repaid with low interest rate in weekly or monthly installments over the course of one year.
Our organization will be formed with A regional office Field officers and village organizations(VO).
A regional Office with a manager and some customer service assistants will be placed throughout the center of village. Customer service assistants will be women recruited by us.They will greet the people coming for loans and even visitors into the office. Before loan disbursement begins, they will run a short orientation session for all borrowers that cover important information about the loans services and good financial practices. The manager will come at the end to answer any questions and greet the clients personally.
Our products will be delivered via community lending and savings groups of 15-25 women like a village organizations (VOs).So we will target women to be our service provider, as a part of economic empowerment. VOs will meet regularly with our field officers, in a place that is convenient for clients, not far from their doorsteps. Besides making savings deposits and paying loan installments, there will be some meetings offer a valuable opportunity to increase financial literacy, raise awareness about womens rights.TheVO network will be an important enabler of our success in delivering grassroots development interventions to the poor women.
In afternoon, our field service providers will provide financial education to a small group of vulnerable clients, like the pre- disbursement orientation, how to use the investment loan in a proper way, giving idea about small cottage business, good savings habits, and the dangers of over indebtedness, and rights of clients.
Our services can be availed without wasting time on paperwork and lengthy formalities. Our officers can collect data from face to face meeting even apply from home also possible like our service provider will go to clients place with laptop and collect data. However, they have to satisfy some eligibility criteria in order to get this loan. For this, they should be above 18 year of age and must be residing permanently. At least, they need to hold a national ID card or birth registration card.
As our target is achieving both financial and social viability at the same time, we want to develop economy by empowering these dependent women in rural area. At first we have to collect the information about their skills, capabilities, needs and preferences.Then we will suggest them some business ideas which will match their capability and offer financial support as loan for their investment.
The women who knows sewing she can start business with a sewing machine so we can give her a loan for purchasing a sewing machine, the women who knows well about cattle rising, preparing food for cattle they can start dairy farm by purchasing one or two cows, some women who knows well about raising cock, hen, duck they can start a poultry farm, some women can start honey producing business, some rural women knows to produce herbal products(medicine, health care) which derived from plants they can start herbal product business, who knows weaving they can start fabric or cloth business, women who knows pottery or can make handicraft they can start business, without these some women can make hanging nets for storage, brooms, fish traps, woven mats or baskets and many things fromVery small amount of investment is needed for the raw materials.
Only support their business activities and production is not the end. our service providers will also help them to sell their product as well as access to markets to ensure fair prices. For this service we will take a percentage from their profit as service fee. And we have another opportunity, we can involve our clients to do small Cottage Business that is operated from home and tend to be part-time in nature, they can sell the goods which are produced by the women. In these ways we will confirm the repayment of our loans. At the same time we also bound them to do a fix amount savings in our institution which will be earned from a portion of their profit. It will be returned to them after a certain time. Whole business activity, from production to sell will be monitored and controlled by us so that it minimizes the risk of loan defaults plus give us the privilege to control the income stream of the businesses.
Actions taken by Government : As a financial institution we can provide financial service but for the improvement of our clients business we need Government assistance.We are maintaining the social viability by empowering rural women so government can come forward for sake of these women group. Such as Government can arrange some training program which will teach the women to know the exact way of their business- tanning for sewing, cattle rising, dairy farming, poultry farming etc. Actions taken by financial infrastructure providers :Another thing is financial barrier. If we can link up with some other financial institution then we can run our institution smoothly. If we can show our success from this project then it will be easy to access for linking with other financial institutions.
Finally, I would like to mention that only doing these activities maybe not enough, we should execute the Client Protection Principles.This is also necessary to ensure the healthy growth economy.We have to make them understand the effective ways to use loan money and the importance of savings from their profit which can be their own investment capital in future.

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Achieving financial and social viability at the same, and empowering women in Banglasesh

  • 2. In rural area, women are disproportionately excluded from financial systems and resources needed to manage households, limiting their ability to be self-sufficient, or contribute to the familys income and decision-making. Furthermore, money in the hands of women is more likely to be invested in the needs of the family, such as nutrition, childrens education, land or housing. We are planning to provide women with access to investment loans and savings services.These loans will be invested in a range of uses according to the need of individual borrowers and their households. It will be used to support income-generating activities and micro- enterprises such as cattle-rearing, craft-making, small cottage businesses etc.
  • 3. First of all, we would like to make a survey for our target people (women) to know about their present skills, capabilities, needs then we will provide the loans according to their requirement. Loans will be repaid with low interest rate in weekly or monthly installments over the course of one year.
  • 4. Our organization will be formed with A regional office Field officers and village organizations(VO).
  • 5. A regional Office with a manager and some customer service assistants will be placed throughout the center of village. Customer service assistants will be women recruited by us.They will greet the people coming for loans and even visitors into the office. Before loan disbursement begins, they will run a short orientation session for all borrowers that cover important information about the loans services and good financial practices. The manager will come at the end to answer any questions and greet the clients personally.
  • 6. Our products will be delivered via community lending and savings groups of 15-25 women like a village organizations (VOs).So we will target women to be our service provider, as a part of economic empowerment. VOs will meet regularly with our field officers, in a place that is convenient for clients, not far from their doorsteps. Besides making savings deposits and paying loan installments, there will be some meetings offer a valuable opportunity to increase financial literacy, raise awareness about womens rights.TheVO network will be an important enabler of our success in delivering grassroots development interventions to the poor women.
  • 7. In afternoon, our field service providers will provide financial education to a small group of vulnerable clients, like the pre- disbursement orientation, how to use the investment loan in a proper way, giving idea about small cottage business, good savings habits, and the dangers of over indebtedness, and rights of clients.
  • 8. Our services can be availed without wasting time on paperwork and lengthy formalities. Our officers can collect data from face to face meeting even apply from home also possible like our service provider will go to clients place with laptop and collect data. However, they have to satisfy some eligibility criteria in order to get this loan. For this, they should be above 18 year of age and must be residing permanently. At least, they need to hold a national ID card or birth registration card.
  • 9. As our target is achieving both financial and social viability at the same time, we want to develop economy by empowering these dependent women in rural area. At first we have to collect the information about their skills, capabilities, needs and preferences.Then we will suggest them some business ideas which will match their capability and offer financial support as loan for their investment.
  • 10. The women who knows sewing she can start business with a sewing machine so we can give her a loan for purchasing a sewing machine, the women who knows well about cattle rising, preparing food for cattle they can start dairy farm by purchasing one or two cows, some women who knows well about raising cock, hen, duck they can start a poultry farm, some women can start honey producing business, some rural women knows to produce herbal products(medicine, health care) which derived from plants they can start herbal product business, who knows weaving they can start fabric or cloth business, women who knows pottery or can make handicraft they can start business, without these some women can make hanging nets for storage, brooms, fish traps, woven mats or baskets and many things fromVery small amount of investment is needed for the raw materials.
  • 11. Only support their business activities and production is not the end. our service providers will also help them to sell their product as well as access to markets to ensure fair prices. For this service we will take a percentage from their profit as service fee. And we have another opportunity, we can involve our clients to do small Cottage Business that is operated from home and tend to be part-time in nature, they can sell the goods which are produced by the women. In these ways we will confirm the repayment of our loans. At the same time we also bound them to do a fix amount savings in our institution which will be earned from a portion of their profit. It will be returned to them after a certain time. Whole business activity, from production to sell will be monitored and controlled by us so that it minimizes the risk of loan defaults plus give us the privilege to control the income stream of the businesses.
  • 12. Actions taken by Government : As a financial institution we can provide financial service but for the improvement of our clients business we need Government assistance.We are maintaining the social viability by empowering rural women so government can come forward for sake of these women group. Such as Government can arrange some training program which will teach the women to know the exact way of their business- tanning for sewing, cattle rising, dairy farming, poultry farming etc. Actions taken by financial infrastructure providers :Another thing is financial barrier. If we can link up with some other financial institution then we can run our institution smoothly. If we can show our success from this project then it will be easy to access for linking with other financial institutions.
  • 13. Finally, I would like to mention that only doing these activities maybe not enough, we should execute the Client Protection Principles.This is also necessary to ensure the healthy growth economy.We have to make them understand the effective ways to use loan money and the importance of savings from their profit which can be their own investment capital in future.