Sa-Dhan to mkt micro-finance concept to rurals

ASHOK B SHARMA
Posted: Monday, Aug 25, 2008 at 2011 hrs IST
Updated: Monday, Aug 25, 2008 at 2011 hrs IST

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Bhubaneswar, Aug 24: and occupational profile of the SHG/MFI Borrowers, usage of the loans, pattern of livelihood enterprises and need of support system, Sa-Dhan conducted a study on "Livelihoods Profiling of MFI/SHG Borrowers". Findings of the study will be discussed in the conclave while also identifying the challenges and opportunities in livelihood finance. The conclave would also look at existing models of such interventions in other states.

"The efforts of microfinance need to be supplanted with social security measures for the poor people in order to keep them out of the vicious cycle of poverty. Therefore, the provision of insurance- life, health and asset, pension, remittance and other services are the stepping stones in this direction. Though many institutions in the eastern region are working towards the social security of their clients, it is imperative to look at social security as an integral part of the microfinance movement", said Titus.

According to Sa-Dhan a three pronged strategy is required to enable micro finance for promoting continuous resource flow to the poor for sustainable livelihoods development. First, livelihoods and micro finance institutions need to forge partnerships at the grassroot to increase the capacities of the poor and make opportunities available to them. Second, institutional mechanisms including infrastructure building (Rural marts), hand holding of small venture, forward and backward linkages(procurement of raw material, credit availability and product design/ development) etc need to be put in place so that the opportunities and the capacities of the communities can be leveraged. Third, policy at all levels needs to ensure the smooth functioning of the above mentioned efforts. This session will attempt to bring together various stake holders to bring diverse perspectives focused on livelihood aspect....

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