| Savings -
General
"Savings
from our clients just pour in. As long as we design attractive savings schemes tailored to
their needs and provide them with easy collection mechanisms, we see that poor women are
great savers."
-Jayshree Vyas,
Managing Director
SEWA Bank |
|
From the start, SEWA Bank
has laid great emphasis on savings. This was for two reasons:
Our Clients – all
self-employed women with low income, demanded a safe place to save and showed a great
ability to save small amounts regularly, as long as they were facilitated through
appropriate collection systems
From an institutional
point of view, building up a credit loan fund from members’ own savings was viewed to
be the most cost effective with the least strings attached. In addition bulk loans from
mainstream financial institutions were near impossible to access in the 70’s and
80’s, so SEWA Bank had to rely on a steady source of funds for on-lending, from its
own depositors.
In response to demand from members for a
variety of savings needs, SEWA Bank has developed a wide range of different savings
products or schemes.
SEWA Bank
Total Savings/Deposits |
| Year |
Women |
Rs. |
| 1998-1999 |
1,12,750 |
17,64,37,000 |
| 1999-2000 |
1,39,611 |
21,09,71,000 |
| 2000-2001 |
1,13,583 |
26,81,22,000 |
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