Self Help Groups – savings, linkages, credit needs

DAY 55 the WALK FOR MEANINGFUL LIFE

 

In the last decade Self Help Groups (SHGs) of women have been the mantra of development actors. NGOs, government, multilateral institutions are all waxing eloquent on the role that these groups can play in women's empowerment and livelihoods. There is no denying that the concept of Self Help is superb and the idea has tremendous potential to foster development. However, when one has interacted with a large number of groups, a number of questions are raised automatically regarding the translation of the concept on the ground.

 

·         Have the promoters of these groups (NGOs, government officials, banks etc), understood the scope and possibility of the concept?

·         Have they been able to translate this understanding so that the women understand?

·         Have the promoters used sensitive processes to form these groups?

·         Why are most of the Self Help Groups restricted to being mere Savings & Credit Groups (SCGs)?

·         Do women personally benefit from the process of SCGs in terms of having control over their financial resources (read saving and credit lines with banks)?

·         Do men allow women to truly control the processes?

 

The questions could go on but the point remains that most of the groups that we saw on the ground during the Padayatra were SCGs. These too are beneficial but in a much restricted sense.. We have mentioned in the last report that a number of groups have been formed by men who simply want to access cheaper (2% a month is always cheaper than any other option) credit rather than hope for something more for women. We will not dwell on that issue but look at the SCGs in context of the overall credit needs of women and their families. This is what we found when we looked at the typical financial status of a well run SCG.

 

The group size is around 12 on an average. For saving amounts of even Rs. 50/- (the average must be around Rs. 25/-per) per month per member, the group saves Rs. 600/- per month. This translates to Rs. 7200/- per year. Even assuming that all of it is revolved (rare) within the group and the repayment is prompt the maximum interest that the group can earn in a year is around 30% or say Rs. 2160/-. This when added to the principle will take the total capital to around Rs. 10,000/- for the group or around Rs. 825/- per member.

 

If the group is run well and manages to link up with banks (lots of conditions for that to happen but let us assume that those are met) they are likely to get credit up to Rs.25,000/- This translates to notional credit availability per women to the tune of around Rs. 3000/- per year.  This is no doubt a pretty goodly sum.

 

However, one needs to look closely at the informal credit that these women and their families access. This could be from moneylenders, agri-input dealers, landlords, labour contractors etc. The amounts may vary but we have seen very few families with less than Rs. 10,000/- of loans from private sources. Even assuming that the loan is only Rs. 10,000/- per family the interest payment on it per year comes to around Rs.6000/- at the very minimum. This interest payment is itself double the savings and credit accessed through banks / FIs.

 

We must look at the economic benefits of the savings activity in the context of overall credit needs and liabilities of families. In many cases the best of savings, linkages etc make a very marginal difference to the lives of women.

 

·         The difference is important but is it as important as the hype?

·         Should we not be addressing the root issue of credit (non)availability?

·         Should we not use savings activity merely to mobilize and empower women (the original concept) rather than merely aim to get them into economic activities that will further burden them?

 

You don’t have to take our word on this. We suggest that all people involved in savings and credit activities reflect and try and understand what they are really achieving.

 

A SPECIAL APPEAL

 

WE HAVE BEEN SENDING THESE REPORTS TO ALL OF YOU OVER THE LAST TWO MONTHS. THIS IS THE 23RD REPORT THAT HAS BEEN SENT OVER THE LAST 55 DAYS. ONLY TWO MORE ARE LEFT. THEY WILL COME THROUGH ON THE 27TH AND THE LAST ON THE 3RD OF MARCH.

 

WE HAVE BEEN RECEIVING FABULOUS FEEDBACK ON THESE REPORTS. WE HAVE ALSO REACHED OUT AND GARNERED SUPPORT FOR THE PROCESS.

 

THE PADAYATRA, AS REPORTED EARLIER, IS COMING TO A CLOSE. THE 28TH OF FEBRUARY IS A DAY OF REFLECTION. ALL THOSE INVOLVED IN THE PADAYATRA ARE MEETING IN SEWAGRAM FOR REFLECTION AND DELIBERATIONS. THE SCHEDULE OF THE 28TH MEETING HAS BEEN PUT UP ON THE WEBSITE www.greenearthconsulting.org/padayatraprogress.htm

 

WE WISH TO INVITE COMMENTS FROM READERS OF THESE REPORTS. PLEASE SEND IN YOUR COMMENTS TO grnearth@vsnl.com BEFORE 1600 HRS (IST) ON THE 27TH OF FEBRUARY. WE WILL SHARE YOUR COMMENTS IN THE DELIBERATIONS.

 

 

Makarand Sahasrabuddhe

grnearth@vsnl.com, 020-25466103, 09422521703

Dushkaal Hatawu : Manoos Jagawu

(Eradicate Drought : Save Humanity)

February 25, 2006