Doorstep banking and business school for rural women in India
The Mann Deshi Foundation and its sister organization, Mann Deshi Bank, provide management training and access to finance for rural female micro-entrepreneurs at their doorsteps. As a part of their combined effort, the Mann Deshi provides b-school courses, mentor programs, market linkages, and network exposure while the Bank provides working capital and loans to micro-finance clients.
A propos de vous
A propos de vous
A propos de votre organisation
Inde, MM, Mhaswad
Pays dans lesquels ce projet crée un impact social
Inde, MM, Mhaswad, Satara, State - Maharashtra
Age de l'innovateur :
Plus de 34 ans
Sexe de l'innovateur :
Votre organisation est-elle une
Depuis combien de temps votre organisation opère-t-elle ?
Plus 5 années
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Intitulez votre soumission
Doorstep banking and business school for rural women in India
Sélectionnez la phase qui s'applique le mieux à votre solution
Extension (la prochaine étape consiste à étendre l'impact à l'échelle régionale, voire internationale)
Depuis combien de temps le projet existe-t-il ?
En place depuis plus de 5 ans
Le besoin : quel problème tentez-vous de résoudre ?
Financial Services are currently unavailable for more than 60% of rural India. The mainstream banking sector argues that the administration cost to reach low-income groups is very high and for this reason they do not provide financial services to rural poor. Because of this, people cannot plan their lives, and in agriculture this means they cannot grow regular crops as they cannot buy inputs. There is a wealth of Human Resource in rural India but they cannot start enterprises. Because of all this, our human resources cannot be developed.
The poor need the banking services but they cannot access them. For this reason, Mann Deshi has committed to reach them with door-step banking. Today Mann Deshi reaches 155,000 women with our door-step banking.
La solution: quelle solution proposez-vous ? Soyez précis !
Mann Deshi started a rural women’s bank which provides credit, savings, pension & insurance. In Mann Deshi’s 15 year history of micro-finance, our experience shows that low-income people want to save because it not only help to plan their lives but also helps practice the discipline of managing big loans.
Mann Deshi has learned that saving & loans are not enough for entrepreneurship. Women also need business skills and managerial training which is not available them. For this, Mann Deshi B-School for Rural Women was established to provide business and financial training to women with little or no formal education which enables them become financially independent. Mann Deshi has also developed a network of agents who go door-to-door with handheld device, helping these day laborers, street vendors and farmers to manage their accounts. Through B-school on Wheels, Mann Deshi brings business education to rural women in remote areas.
Le système : décrivez un exemple spécifique montrant de quelle façon votre initiative fonctionne ; indiquez vos principales activités.
To reach 1 million by 2020, Mann Deshi Bank & B-School works together to provide women with banking, business training, mentoring, and marketing, networking in order to help them become successful businesswomen.
Door Step Banking – Providing Savings, Credit, Pension & Insurance
Door Step business training – Wealth Management, 5 days in B-school, Managerial Training, Customized workshops
Door Step market linkages – Through Chamber of Commerce (CC) help women to get business licenses, internet access, access information through the toll free number.
One of our successful entrepreneurs is Ms.Sujata Mane. She took out a loan of 25,000 INR from the Mann Deshi Bank to buy a noodles machine. Mann Deshi suggested that she enter a Financial Literacy Class and Self Help Group so that she could take full advantage of the available resources and repay her loan more easily. As she was the only person producing noodles in her area, her business started to experience huge growth. Soon, she was able to repay her loan and take out a new one of 35,000 INR to buy a chili powder machine. After repaying that, she took a third loan from the Bank of 70,000 INR to open a grocery store. Together with Mann Deshi, Sujata struggled and finally succeeded in gaining property registration in her own name. Now her monthly profit exceeds 10,000 INR, and as a successful entrepreneur she participated in the Mann Deshi Entrepreneurs Program. She continues to develop her own brand and is now selling her products in Pune and Mumbai. She became a role model for many women & member of Chamber.
Le marché : qui sont vos collègues et vos concurrents ? Identifiez les autres personnes qui travaillent à répondre au même besoin et indiquez ce qui vous différencie d'elles. Comment ces concurrents pourraient-ils influencer votre réussite ou votre croissance ?
Mann Deshi works in the same market with several players:
- Money lenders:
often only source of money for poor villagers
unbureaucratic but very expensive loans
- conventional banks:
not serving the same clientele
valuable knowledge and finance partner
highly case-specific in their activities
do not provide a long-term solution for financial empowerment and independence
- Self Help Groups:
like-minded women working together towards a collective aim.
helps to make timely payments and reduces the risk associated with taking out loans
not competitors, but more target audiences
- Mann Deshi´s main competitive advantages:
offers comprehensive livelihood promotion package
offers financial and non-financial services
accompanies a customer all the way
This Entry is about (Issues)
Votre initiative s’occupe de quelle(s) solution(s) pour aider des entrepreneurs émergents et pour aider des petites entreprises à croître et à s’augmenter dans des communautés mal desservies ? (sélectionnez tout ce qui est applicable)
Accès au financement, Accès au talent, Accès aux chaînes d’approvisionnement, Accès à la technologie, Accès aux opportunités économiques, Changements de politique.
Jusqu'à ce jour, quels résultats a obtenu votre projet ?
Mann Deshi created the first rural women’s bank in 1997 and the first rural business school in 2006. This innovativeness has blossomed into 27,000 female entrepreneurs empowered by our programs. 46,000 women have graduated from our business school and 155,000 women have been served by the bank. Mann Deshi has been able to expand its operations and now runs 6 bank branches and 11 foundation branches. At 5 of its foundation branches it also operates a business school.
Impact assessments have shown that 50% of the women taking courses in the business school are able to get a job or become self-employed later on. Through access to loans and saving accounts from the Mann Deshi Bank, women are able to increase their income by up to 80%.
By improving the economic circumstances of rural women, also their children benefit from better nutrition and access to education.
Quelles sont vos prévisions en termes d'impact au cours des trois prochaines années?
During the next three years, Mann Deshi wants to open 3 new bank and foundation branches. It expects to increase the amount of deposits kept in the bank and loans given out both by around 180%. We expect 120,000 new women to attend courses in its business school. This year, Mann Deshi founded the Chamber of Commerce for Rural Women, the first of its kind in rural India. In the next three years this initiative will facilitate market linkages to women entrepreneurs, provide continuous mentorship and operate an employment exchange program to match supply and demand for labor in rural areas.
Quels sont les obstacles qui risquent de freiner votre projet ? Comment pensez-vous les surmonter ?
Working in rural communities, there is a lack of opportunity, infrastructure, and qualified workers, and the local political environment can be challenging. These issues must be addressed in order to successfully operate. Given these barriers, we believe that the motivation of our employees is its most important asset and their passion and commitment and risk-taking the best tool to overcome any challenge.
Les meilleures propositions possèdent un programme solide détaillant leurs prévisions pour atteindre et suivre leurs objectifs de croissance. Identifiez vos objectifs à 6 mois pour accroître vos résultats
fully establish Chamber of Commerce, created on the 13th April 2012. / widen network of partnerships
Définissez les trois tâches principales à accomplir pour atteindre ces objectifs à six mois
Advertise Chamber of Commerce and increase the number of members. Stay alert to tackle unforeseen challenges
Renew/continue existing partnerships with HSBC, Commonwealth of Learning, Accenture, Godfrey Phillips, Bonita Trust and Ashoka
Establish new Partnerships with the National Skill Development Corporation of India (NSDC) and Cherrie Blair Foundation
Et maintenant, voyez les choses en plus grand ! Identifiez vos objectifs à 12 mois
Expand in size to reach financial inclusion in rural India. Target growth: 1 bank branch, 1 foundation branch, 2 b-school branch
Définissez les trois tâches principales à accomplir pour atteindre vos objectifs à 12 mois
Find and secure suitable locations.
Hire new staff and conduct additional internal training.
Integrate new branches smoothly in operational network and managerial structure of already existing branches.
Création de l'organisation : nous voulons tout savoir sur votre déclic. Expliquez-nous oú et quand les fondateurs se sont rendu compte que cette solution possédait un véritable potentiel pour changer le monde.
Chetna Sinha’s resolve to work towards the empowerment and economic independence of rural women was inspired by her personal life – After joining Chhatra Yuva Sangharsh Vahini, Chetna started working in the slums of Mumbai. The people there were very interested in changing their lives; the kids wanted higher education. Her inspiration continues to come from the people. Even in the worst conditions they have dreams, and they want their dreams to come true. After relocating from Mumbai to Mhaswad and living amongst poor farmers, Chetna developed a deeper understanding of their problems and realized that, while they were acutely aware of their predicament and solutions to their problems, there were no banks or training institutions in place to provide the solutions. With this in mind Chetna established India’s first and only bank and business school for poor rural women.
Quels sont vos différents partenariats ?
These are the most important Partners of Mann Deshi, all contributing to Mann Deshi´s success with their valuable knowledge, experience and financial support.
- The Bonita Trust
- The British Asian Trust
- Accenture Services Private Limited
- The Commonwealth Of Learning
- Godfrey Phillips India Limited
- Global Giving
- Accion Microfinance
- Ashoka Innovators
- Friends of Mann Deshi
Expliquez plus en détails les besoins et les offres indiqués ci-dessus ou proposez un type d'aide non mentionné dans la liste
The social impact potential of Mann Deshi is high because it directly links education with access to finance. With 15 years of experience, Mann Deshi is poised to leverage grant funding to impact current and future generations of women. Its long term sustainability will further increase as women earn more and are able to pay higher fees.