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  • Mann Deshi Mahila Sahakari Bank

    9 June 2013, by manndeshi

    A. The main facts about the activities of the company.
    The Mann Deshi Mahila Sahakari Bank (Mann Deshi Bank) is a cooperative, self-sustaining bank created by and for women. It was founded in 1997 and established in Maharashtra (India) by a group of illiterate women, who still compose the board today.
    Its mission was and still is at the present to help women in impoverished regions achieve financial independence and become self-sufficient. Due to the bank’s commitment to its mission, it (...)

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Location: Mhaswad, Satara, Maharashtra (India)

Sector: Financial and insurance activities

Official website: http://manndeshi.org

Key figures:
  • Area of Influence: Maharashtra
  • Products: loans (individual and group), savings, insurance and pension plans.
  • Clients (2011): 140,360 (+1,300% from 1997, 50% poor rural women, 70% from backward castes and scheduled tribes)
  • Total Deposits (2011): USD 7,418,326.78
  • Repayment Rate: 98%
  • Average Monthly Savings per Client: USD1.88
  • Net Profit (2012): Rs. 3,138,488.60 (USD56,367.98)
  • Awards: 2006 Microfinance Process Excellence Award, International 2005 Ashoka Changemakers Innovation Award, Finalist Schwab Foundation 2007, Ashoka Innovators for the Public, Harvard University Bridge Builder 2003, Yale University World Fellowship Program 2002-2003, among others.

Nbr. visits: 736

Nbr. inspires: 1