Help Rural Indian Women Save for Education

Financial education India women

Summary

By providing financial literacy courses to women of Maharastra and Karnataka, Mann Deshi empowers women to save money and pay for their children’s education. Women can buy books and pay school fees. progress reportread updates from the field

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More Information About this Project

Project Needs and Beneficiaries

The women of rural India are often left behind by the traditional financial system. The high rate of illiteracy leads them even more into the downward spiral of poverty. Mann Deshi set up a financial literacy course shaped for the women of Maharastra and Karnataka. To complete this project, Mann Deshi initiates a new saving formula that will make it easier for poor family to pay for the education of their children.

Activities

We offer a new textbook which will support students in their financial literacy courses. We also establish a savings program that ends in June, which will allow women to save throughout the year and receive their savings at the beginning of school.

Funding Information

Total Funding Received to Date: $1,435
Remaining Goal to be Funded: $38,762
Total Funding Goal: $40,197

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

Why this Project is Important

Potential Long Term Impact

Mann Deshi’s financial literacy course will empower women to save money to make is easier for poor families to pay for the education of their children. These women can better take care of their families and educate their kids.

Project Message

If we want to grow business as fields, financial literacy should be our seed.
- Vanita Shinde, Chief Administrative Officer of Manndeshi

Who is Running This Project

Contact

Chetna Sinha
President
Mann Deshi Mahila Sahakari Bank Ltd. Mhaswad
Tal. Mann Dist.- Satara
Mhaswad, Maharashtra 415509
India
9102373270141
Email:

Project Sponsor

Ashoka Innovators for the Public

Organization

Mann Deshi Foundation
Mann Deshi Mahila Sahakari Bank Ltd. Mhaswad Tal. Mann Dist.- Satara
Mhaswad, Maharashtra 415509
India
+91-02373-270660
http://www.manndeshi.org

Where this Project is Located

Country

This project is located in IndiaIndia and can also be found under EducationEducation.

For more information about India, read the Human Development Report on India or the Wikipedia entry for India.

When this Project was Updated

Last Updated

This project was last updated on November 6, 2009.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on July 29, 2008

Latest Update from the Field

Empower rural women entrepreneurs to become independently

By Chetna Sinha - Founder and Chair of the Mann Deshi , August 17, 2009 03:04 PM

Dear Donators

Thank you for your continued support of the Business School. The past few years have shown tremendous growth as we have opened branches in three locations – Mhaswad, Vaduj, and Dahiwadi. We have also begun to launch our Mobile Business School, which will provide a mobile classroom to reach women in rural villages who are unable to attend courses due to social and economic barriers.

Enrollment in our financial literacy course increased from 5,304 students in December 2008 to 5,701 students in March 2009. Other popular courses include computer literacy, English speaking, and basic tailoring. A veterinary camp to vaccinate and immunize the farm animals of our clients was very successful as over 850 students participated.

Our future plans include expansion of our course offering and further financial inclusion of women through the expansion of their micro-enterprises. This includes exposure visits for idea generation, a marketing center to connect suppliers and consumers, and the launch of SmartCard technology to streamline processes and increase efficiencies between the Bank and the Business School. The Business School plans to open two more branches in the near future in Satara and Solapur where demand has been expressed by the Bank’s clients.

We greatly appreciate all the support you have given us so far and hope that you will be able to help us in for our future projects.

Affectionately,
Chetna

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