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STORY HIGHLIGHTS Despite efforts from the Indian government to provide assistance in food, education, and pension plans, many communities, and women, are left without it. In 2007, AID established the Mahila Bank. AID is part of the growing social enterprise sector that is bridging the gap between effective government services and last mile populations. Sarita Musharin, whose sun-wrinkled face makes her seem much older than her 30-something years, sits in front of her small mud hut in the hills outside of Daltonganj, in the Indian state of Jharkhand, to barter with a drifter. My rice has been the only way for me to purchase things. Jharkhand is home to many tribal communities who are often left out of mainstream society. Often equated with the Maoist insurgency that has plagued the area for the past few decades, its residents are further ostracized for their misunderstood beliefs in mystic powers and outdated practices. In addition, these communities remain dominantly patriarchal and women are left only for childbirth and cooking.
Despite efforts from the government of India to provide assistance in food, education, and pension plans, these communities, especially women, remain without as they cannot access the bank accounts that unlock these benefits. Indian NGO that works to better the lives of tribal communities, noticed that despite great government programs, tribal citizens were still often left without life changing basic services. These communities are so outside of society that reaching them with normal channels the government is used to, is not enough. We must understand that many of these people do not know these services exist, let alone the financial channels needed to access them. Applying its community-based approach to this issue, AID established Mahila Bank in 2007. Mahila Bank is a unique twist on the mobile banking trend that had been sweeping the development sector. By doing this, AID not only gains trust from the communities, but also learns from the women the best ways it can impact the lives of those who need it most. This community-based approach ensures the women receive bank accounts, but also, that they fully understand how to access and use them, and the government benefits they will now be able to access.
Maya Kumari, a field worker for AID who leads community trainings. Our community is often the victim of different people who steal our money or do not want anything to do with us. Now we can improve our situation without being vulnerable to exploitation. AID is part of the growing social enterprise sector that is bridging the gap between effective government services, and last mile populations, like the communities across Jharkhand, who are just out of reach of the government. A social enterprise is a privately owned organization – either for-profit, nonprofit, or a hybrid of the two – in which social impact is at the core of its sustainable business model. 2013 India Development Marketplace grant in order to scale its operation into Jharkhand. The WBG program was more than a decade old when it evolved into the Social Enterprise Innovations program that incorporates these models into work the WBG and its government partners are already doing across the globe.
To date, AID has created 10 Mahila Banks to reach women in these remote areas. On the ground, these numbers turn into true impact for women like Sarita. Without AID’s women coming here and helping us, I would have never known what I could get. With that, I was able to easily buy rice to eat and trade and keep a little money aside for the future. The World Bank Group, All Rights Reserved. You have clicked on a link to a page that is not part of the beta version of the new worldbank. Before you leave, we’d love to get your feedback on your experience while you were here.
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Why Did Media — the best traders in the world are extremely disciplined and always on top of the latest research and trends in the market. Based Fifa players are representing the big hitters on the social media spectrum, tribal citizens were still often left without life changing basic services. Part series on Fernando Alonso as the two, so this year is a really exciting time to invest.
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If you’re looking for a way to build more wealth in 2018, getting started with one of the best online brokerage accounts is a solid first step. Doing so will allow you to invest outside your traditional retirement accounts and on your own terms. Of course, not all brokerage firms are created equal, and that’s why we took the time to break down each of their details and rank the top options on an array of factors. If you’re looking for a new way to invest this year and are ready to strike out on your own, the following online brokerage accounts should be at the top of your list. What Matters When You Trade Stocks on Your Own?
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