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"Savings from our clients just pour in. As long
as we design attractive Pension 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
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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
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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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