The Indian Co-operative Network for Women - A model fit for the ...

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The height of their economic role not only raised their standard of living also demonstrated the promise of gender equality. Further appreciation from the union was that the ICNW/WWF provided women with the skill and ability to earn a livelihood and earn between Rs.2000 and Rs.5000 a month by training them in various trades. Often, workshops are arranged to equip the women with the latest techniques of business. This year it was in association with Goldsman Sachs and the Indian School of Business, Hyderabad on 17 February 2012. The outcome arrived at during this two day training workshop was that the participants became aware of new techniques of business, costing, pricing, marketing, etc. Exchange of knowledge and skills amongst the participants has been a visible positive outcome of the training. Besides, what was learned during the two day workshop was imparted to other entrepreneurs in Tamil Nadu, Karnataka and Andhra Pradesh. 9
The crisis of microfinance in India It is not that microfinance operations in India was carried on smoothly as in other parts of South Asia. It did have its own difficult times particularly in the southern parts of India. For a short period there was a setback in the programmes due to the fact that few borrowers borrowed from multiple sources beyond their need and capacity to repay. Instead of being messiahs of poor the microfinance institutions have become moneylenders charging high rate of interest, making these loans available at the door steps of the poor. Further, these MFIs also engaged in coercive recovery practices. This happened in the recent 3-4 years. Infact the microfinance practices were on the verge of collapse. However, the Reserve Bank of India (Central Bank of India) took prompt action and set a ceiling for the amount to be borrowed not more than Rs.50,000/- per borrower and lending rate not to exceed 26%, limiting that these poor borrowers to one institution and not to borrow from multiple sources. This is the system that is practiced in ICNW since inception where the limit is Rs.50,000/- lending it at not more than 18% interest. Further identifying multiple borrowers in the year 2010-11 enabled ICNW to function as a successful cooperative bank in the year 2011-12. 10
Page 1 and 2: The Indian Co-operative Network for
Page 3 and 4: The Indian Cooperative Network for
Page 5 and 6: The Raiffeisen Union Similar to the
Page 7 and 8: It is known today as the Indian Co-
Page 9: The clientele are acquainted throug
Page 13 and 14: Infact ICNW/WWF combined evolved sp
Page 15 and 16: To remind ourselves of our vision t
Page 17: Details of Working Women's Forum (I

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