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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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