About Us -
Mission & Objectives
Objectives of SEWA
Bank
The first major
development effort of SEWA, the SEWA Co-operative Bank embodies a well-thought out concept
to serve poor, self-employed women. It aims at providing an integrated set of banking
services which make it a multi-service organisation that has deviated from the general
pattern of co-operative banks. The objectives of SEWA Bank, which are an outcome of
practical experience are :
Providing facilities
for savings and fixed deposit accounts, thus, inculcating thrift in the women, managing
their savings and ensuring safe custody of the cash the women receive as loans.
Providing credit to
further the productive, economic and income-generating activities of the poor and
self-employed.
Providing integrated
insurance services covering death, sickness and asset loss – as a form of social
security protection to informal sector women workers.
Extending technical and
management assistance in production, storage, procuring, designing and sale of goods and
services. This includes services to buy raw materials, equipment, tools and implements
establishing direct links with industries, wholesaler and producers from where the
borrowers buy rags, scrap iron and wood, vessels, bamboo, yarn, vegetables and waste
paper; guidance in marketing their goods; accounting services to members individually and
to women's groups.
Providing facilities to
rescue their jewellery from pawn-brokers and private money-lenders and giving loans
against jewellery.
Adopting procedures and
designing schemes suitable to poor self-employed women, like collecting daily savings from
their places of business or houses, or providing saving boxes and giving training and
assistance in understanding banking procedures.
SEWA Bank –
Women’s Lifelong Friend
The experience of SEWA
Bank shows that women need finances for different purposes throughout their life. These
needs are personal needs as well as business needs, short term, medium term and long term
needs. They may also be classified as consumption and production needs. SEWA Bank's
objective is to act as a life-time friend of its clients and not as a short term provider
of funds. Hence it tries to design its services, products and delivery mechanisms as per
the needs of its women clients.
Top
|
