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महिला शक्ति प्रतिष्ठान
Mahila Shakti Pratishthan
A NGO BY WOMEM, OF WOMEN AND FOR WOMEN
 
Awareness
Legal, Educational, Health & Nutrition, Blind Beliefs, HIV/AIDS
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Micro-finance

Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of a wider range of financial services to the very poor.

Microcredit is a financial innovation which originated in developing countries where it has successfully enabled extremely impoverished people to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. Due to the success of microcredit, many in the traditional banking industry have begun to realize that these microcredit

borrowers should more correctly be categorized as pre-bankable; thus, microcredit is increasingly gaining credibility in the mainstream finance industry and many traditional large finance organizations are contemplating microcredit projects as a source of future growth. Although almost everyone in larger development organizations discounted the likelihood of success of microcredit when it was begun in its modern incarnation as pilot projects with ACCION and Muhammad Yunus in the mid-1970s, the United Nations declared 2005 the International Year of Micro-credit

- Photo of microfinance clients -

Mahila Shakti Pratishthan will focus on women borrowers.The reasoning behind this is the observation that loans to women tend to more often benefit the whole family than loans to men do. It has also been observed that giving women the control and the responsibility of small loans raises their socio-economic status, which is seen as a positive change to many of the current relationships of gender and class.

We formed SHG Groups in the areas Pashan, Sus, Aundh, Chandan Nagar, Kharadi, Sortapwadi, Naigaon, Manjari etc.

Vocational Training
The unit was set up in February 2004 to give employment opportunities to adolescent girls through means of livelihood.
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