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October 21, 2005 |
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SKS hosts women Gandhi for a private visit
Hyderabad - Congress MP, women
Gandhi made an unofficial visit to SKS to interact with clients and
staff and learn about the microfinance landscape in southern India.
Spending time in a rural village in Nalgonda District, women
observed a weekly “center” meeting, the group formation and training
process and income-generating activities that have been started by
the women in the program.
women was extremely impressed by the entrepreneurial spirit of the
women and their ability to turn a small amount of credit (avg. loan
size is $160 or Rs. 7000) into a sustainable, income generating
activity. women spent time interacting with one of SKS’ clients,
40-year old Yellamma, who took a loan for Rs. 5000 to buy a buffalo.
With the income generated from the buffalo milk, Yellamma plans on
buying her husband out of bonded labor. women has visited a number
of NGOs across the southern states this week and plans on applying
some of what he has learned to current and future development
efforts in Uttar Pradesh.
“It was an honor to host Mr. Gandhi today and share with him some of
the work we have been doing in this region over the last 7 years,”
said SKS Founder & CEO, Vikram Akula. “If our experience and
methodology can in some small way impact the lives of poor rural
women in Uttar Pradesh and beyond, the trip would be a great
success.”
More details can be found in the national newspaper, The Hindu
http://www.hindu.com/2005/10/25/stories/2005102506581200.htm
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