8/3/2019 SEWA Bank

1/18

SEWA Bank

A Micro Finance Bank promoted by women workers in informal sector in year 1974

8/3/2019 SEWA Bank

2/18

8/3/2019 SEWA Bank

3/18

3

SEWA

Self Employed Womens Association(SEWA) is a National Trade Union,established by Shri Ela R. Bhatt in 1972

It is a confluence of three movements

Labour movement Co-operative movement

Womens movement.

SEWA Organises the women workersthrough the strategy of struggle anddevelopment for its two main goals Full Employment and Self Reliance

8/3/2019 SEWA Bank

4/18

To help women to come out of the vicious

cycle of poverty

By helping them to

To come out of clutches of moneylender To build their savings

To build their businesses, Assets & Capital.

To minimize their Financial risk

To build their financial & business

knowledge & skill

Objectives of SEWA Bank:

8/3/2019 SEWA Bank

5/18

Capital Formation process

8/3/2019 SEWA Bank

6/18

From money lender to SEWA

Bank.

Build Savings

Build Business

Build Assets / Capital

Improve living condition

Minimize Risk

8/3/2019 SEWA Bank

7/18

Financial Performance

300000 clients

1000 Million Rs. Working Capital

800 Million Rs. Savings / Deposits

400 Million Rs. Credit outstanding

Financially Viable since second year

of inception.

8/3/2019 SEWA Bank

8/18

Financial Products

Integrated Financial ProductsSavings

Credit

Insurance

Financial Literacy

Business Counseling

ATM

8/3/2019 SEWA Bank

9/18

Life cycle needs Approach

8/3/2019 SEWA Bank

10/18

Financial Literacy

To change Financial attitude

To build Financial Knowledge

To build Financial Skill

8/3/2019 SEWA Bank

11/18

Methodology

Class room training Campaigns

Financial Camps

Individual Counseling

Tools stories

Films

Street plays

8/3/2019 SEWA Bank

12/18

Linking with Formal Banks

Building appropriate training

modules

Building a cadre of bare-foot

financial counselors /facilitators.

8/3/2019 SEWA Bank

13/18

Informal sector women have to work till

they die. Based on positive experience of

providing financial services to the poorwomen,

SEWA Bank introduced pension scheme.

Scheme in collaboration with UTI Amutual fund.

Women contribute Rs. 50/- p.m.(minimum)

Age 18 to 55

Invested in Balanced Fund (60:40)

Pension

8/3/2019 SEWA Bank

14/18

Junk Smith Garlic Vendor

Vegetable Vendor Incense stick Roller

8/3/2019 SEWA Bank

15/18

Old cloth Seller

Rag PickerAgriculture Worker

8/3/2019 SEWA Bank

16/18

Performance

Introduced in April 2006

40,000 women have joined Contributed 26 million Rs. So far

13 % return last year

8/3/2019 SEWA Bank

17/18

Challenges

Convincing women tosave for longer period.

Investing in open MarketMutual Fund

Marketing a productwithout specific return

8/3/2019 SEWA Bank

18/18