SKS Foundation’s Ultra Poor Program Overview– Working Beyond Microfinance
Since its inception, Microfinance has successfully addressed millions of poor women’s needs by providing financial services to help maintain or enhance their financial capital, and SKS is a proven leader in microfinance, having served more than a million clients across India. However, unfortunately, many women who are unable to generate income or attain enterprises are left behind, missing the opportunity for change and success through microfinance. The ultra poor lack a stable income and often do not have the means to feed their families more than once a day. They have been excluded from the traditional microfinance sphere because of these challenges. They often self-select themselves out of programs due to a lack of confidence or concern for indebtedness.
The SKS Ultra Poor Program, modeled after the highly successful BRAC program in Bangladesh, attacks the challenge of extreme poverty on three levels: economic, social and health, and aims to graduate clients into being able to run a sustainable income-generating enterprise—and potentially into mainstream microfinance. In Bangladesh, since 2002, the program has successfully graduated 75% members of its 50,000 members. These graduated members then have the opportunity to become lifetime recipients of the opportunities afforded to traditional microfinance members.
SKS Foundation currently seeks a summer intern to assist in its fundraising efforts:
- Website content for the SKS Ultra Poor Program
- GO promotional materials, including NGO newsletter and brochures
- Case-study log for Ultra Poor Program (for website and fundraising)
- Identification of potential funders and strategic partners
Multilaterals and foundations
- Database with information about prospective funders