Location : Madhya Pradesh, Jharkhand, Rajasthan
Partner Since : 03-11-2008
Founder : Ms. Vanitha Vishwanath
Udyogini is a non-profit institution established in 1992 by the World Bank to provide capacity building support to NGOs in promoting women entrepreneurship. Till date Udyogini has built knowledge & skills of teams of about 200+ Non-profits to help more than 2,00,000 rural women in various parts of India to engage in micro-enterprises. Currently, Udyogini is working in 5 low income states viz. Jharkhand, Chhattisgarh, Madhya Pradesh, Rajasthan, Uttarakhand to impart customized quality business services to enable rural women to build knowledge, skills and attitude to engage in farm, forest, livestock and non-farm based products to earn and grow as well as to take on the differential roles the market expects and to manage the competition that the market engenders. In last ten years, Udyogini has helped 25000 women producers to double their income.
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Radha Bai was happy to show us around her establishment and pointed to the new chairs and benches that the loan had made possible. She had also bought bigger utensils which were used for preparing larger quantities of snacks and beverages. All of these new investments appear to have paid off. She and Santosh are now earning Rs.10000 per month in sales but are yet to see an improvement in their savings habit. “I don’t keep much savings at home because I have children and most of the money gets used up during emergencies”, she explained.
Despite not maintaining much in the way of savings, Radha Bai has no difficulty operating her State Bank of India account independently and hopes that if the hotel generates more income in future, she will be in a position to increase her bank balance. When asked if she had any further plans for her business, she said that she intends to broaden the menu choices at the hotel and would require a loan for that purpose.
As we took in all the improvements Radha Bai had made, we were impressed to see how well she had made use of her loan and hoped that once she has repaid all the instalments, she might have a little more money that can be saved for future contingencies.
Thank you for investing in Radha Bai’s loan. If you would like to help other women from Madhya Pradesh, please click on the link.
Evaluated By : Sonali Chakraborty/evaluation/microcredit/india/madhya-pradesh/radha-bai/64232
Since the loan had already been disbursed, Anarkali felt it would be best to use it to start some other livelihood that would give her good returns. After a discussion with her brother and her husband, it was decided that she would go into the brick-making business with her brother as a partner.
As she needed a larger sum for brick-making, her husband Ashok Kumar gave her Rs.5000 to make up for the insufficient funds. With enough capital in hand, Anarkali’s brother contacted a supplier and bought 20 tractor trolleys of brick-making raw materials for Rs.7000 and 2 trolleys of wood for Rs.8000. The two of them then worked over the next two months to create an impressive pile of 25000 bricks.
We asked her how much time she spent everyday on brick-making. “Almost the whole day,” she responded, “I make around 1000-1500 bricks in a day.” Her hard work will pay off once all the bricks are sold. At Rs.5 per brick, she estimates that she will earn Rs.1.25 lakhs from the sale once they have zeroed in on a buyer.
Unlike many of her counterparts in the SHG, Anarkali is familiar with banking transactions as she regularly operates her account at a local Grameen Bank. As far as savings go, there have been none till date. Although Ashok and her older son both work as farm laborers in Hoshangabad, their incomes are just enough to support the household.
“I don’t have any savings but when I sell the bricks, I will definitely save some of my earnings,” Anarkali said. Despite not having found a buyer yet, she has repaid the third loan installment out of her income from wage labour. She mentioned that her husband and son were very supportive of her new occupation and regularly sent money to help with expenses.
Anarkali Bai’s careful assessment of the livelihood she had in mind saved her from making a bad investment. Instead, she can now look forward to earning a good profit once the bricks are sold.
Thank you for investing in Anarkali Bai’s loan. If you would like to help other women from Madhya Pradesh, please click on the link.
Evaluated By : Sonali Chakraborty/evaluation/microcredit/india/madhya-pradesh/anarkali-bai/64185
|Total No. of Loans||824|
|Total amount disbursed||Rs.9,873,000|
|Expected repayment so far||Rs.9,614,670|
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