Rekha Devi of Nepara village has been married, and has 3 daughters and 2 sons. She has been striving hard to support the family – running a poultry business and weaving of bed sheets which are supplied to hospitals. The loan that Rekha has received through CDOT has helped her in expanding her poultry business.
Now she has about 300 chicks, which she rears and sells with a monthly profit of Rs. 5000 – 7000 per month. She has also taken loan to expand her husband’s venture, and that fetches an additional income of Rs. 7000-8000 per month. She sells her woven produces through a local cooperative, which saves her from the prey of local touts.
She now has a bank account where there is a regular savings which would be spent on the marriage of her daughters. It is noteworthy to see the increased self-confidence and the respect that Rekha enjoys within the community because of her improved financial status.
It is evident that financial services help to protect livelihoods by regularising income flows and reducing variability in consumption levels appears to be fairly consistent. It also provides a very practical basis for poor women to come together on a regular basis at the same time as promoting new ideas, opportunities and social relations. Female clients enjoyed the support of their family, especially because the male head in the family of the household have been able to take more benefits from their participation with the MFI.