Sewa Bank – Micro Loans for Women in India
Sewa Bank offers micro loans to self-employed Indian women
Self employed women need loans for a wide variety of purposes; to buy assets, raw materials, finished goods for resale, redeem old debts, upgrade their homes, buy transportation means such as a handcart or a pedal cart or put in infrastructure in their homes, such as water or electric connections.
SEWA Bank has been providing a wide range of loan products to meet the productive credit needs of its clients. SEWA Bank requires that a woman save regularly for atleast one year, before she is eligible to apply for a loan. In the absence of traditional collateral, a regular savings habit is deemed a necessary form of security, in SEWA Bank’s experience of banking with the poor for over 25 years.