Micro Finance to Small Business & Women’s Entrepreneurship: The Mann Deshi Experience
On Friday, 13 September 2019, the UK Campus of Peking University HSBC Business School organized a public lecture on Micro Finance to Small Business in India, attended by PKU visiting students and China Construction Bank (CCB) executives. The lecture was given by the CAO and Head of Women’s Empowerment, Mann Deshi Foundation, Ms Vaninta Shinde, as well as the Chief Finance Officer of Mann Deshi Bank, Ms Sushama Shendge, who talked about Micro Finance to Small Businesses and Women’s Entrepreneurship – The Mann Deshi Experience.
The first speaker of the day was Ms Sushama Shendge. She is the Chief Financial Officer at Mann Deshi Mahila Sahakari Bank – India’s first bank for and by rural women. Ms Shendge currently manages an investment portfolio of 4.5 million pounds for the bank and she is responsible for preparing, presenting and interpreting all financial data and reports, as well as recommending key financial decisions to the CEO and the Bank’s Board of Directors. Ms Shendge journey in the Bank is an inspiring and empowering one for women to become leaders in their communities; She joined the bank as a clerk and was promoted to its CFO in five years. Ms Shende is a keen believer in women’s economic independence and is particularly proud of what Mann Deshi Bank has achieved even through it is located in an extremely remote and challenging rural locations in India.
Ms Shendge talked about the brief history of the foundation of Mann Deshi Bank which was a very inspiring story about the keen determination and courage of the women who fought tooth and nail to establish the bank. Ms Shendge also presented the current model and vision of the bank, highlighting in particular the unique way in which they provide loans to help the people in the rural areas.
The Mann Deshi model is simple and its 8 branches focus on the financially excluded and previously unbanked women and provide them with affordable banking services and credit. Of particular interest was how 90% The audience and bankers are very intrigued to learn about their loan models and the financial products that they offer to their clients. They asked Ms Shendge many questions and are very eager to know about Mann Deshi Bank’s business model. Ms Shinde is the current Chief Administrative Officer and the Head of Women’s Empowerment at the Mann Deshi Foundation. The Mann Deshi Foundation is an NGO based in Satara, dedicated to the economic empowerment of rural women. Ms Shinde boasts a wide range of experience in overseeing and directing social impact projects.
As CAO, her responsibilities include finalizing all administrative decisions for programmes under the foundation. Ms Shinde presented the model that is the foundation of the Mann Deshi Foundation – the provision of knowledge, skills and support necessary to empower women to become successful entrepreneurs, as well as encouraging women to have more control over their lives. Ms Shinde highlighted how the Foundation reached half a million women entrepreneurs and aim to reach 1 million by 2022.
The Foundation runs 19 Business schools and 5 Chambers of Commerce for rural and semi-urban women. The business schools help women to learn the skills necessary for them to set up and maintain their businesses. Of particular interest is their mobile business schools which is instrumental in reaching many rural women in India. Ms Shinde also highlighted how Mann Deshi’s Chamber of Commerce support women like organizing marketing platforms for people to buy and sell their products.
The audience were particularly interested and impressed by the Mann Deshi Model in empowering women to make their own choices and to be celebrated as equal and valuable members of their families and communities.
It is very impressive work and the executives are curious to know how they are so very successful in their business and empowerment models. It was a very engaging and enlightening talk. The audience learned a lot from Ms Shendge and Ms Shinde about women empowerment and helping rural women. It was extremely inspiring to hear about how Indian women overcome all obstacles, and use their courage as their capital to work hard and strive to better their lives. The audience and the bankers thank both ladies for sharing their experience and expertise with them, and they look forward to learning more from them and the Mann Deshi Experience.
|Last modified: 2019-09-16 15:00:46 by Anabela Santos||Created at: 2019-09-16 14:46:36|