Burgeoning womanhood at the pyramid's bottom - Bandhan's headway

Satya Mohan Mishra, H.M. Jha 'Bidyarthi', Mayur A. Dande and Pavan M. Kuchar

International Journal of Human Resources Development and Management, 2015, vol. 15, issue 2/3/4, 210-220

Abstract: Witnessing destitution may assist emergence of desire to eradicate the same. The founder of 'Bandhan - Togetherness', after experiencing the horrors of poverty, thus initiated it in 2001. With a start-up capital of a meagre Rs. 2 lakh raised through cooperation of relatives, the aim of 'Bandhan' was to provide loans to borrowers belonging to the bottom-of-pyramid. The attempt bloomed with passage of time and gained trust. Today, the organisation has 2,016 branches with Rs. 29,900 crores lent to 5.5 million customers so far. SIDBI and World Bank picked up 11% stakes each and paid Rs. 50 cr. and Rs. 130 cr. respectively. Bandhan helped women change their lives by offering small loans. The founder concentrates on women as he feels they spend wisely. Getting the status of a bank, though may appear like a boon for the time-being, an unforeseen future awaits 'Bandhan'. A maxim goes - 'Change is inevitable, progress is optional'.

Keywords: microfinance; Bandhan; bottom of pyramid; BoP; women; organisational change; bank interest; poverty. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=71161 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijhrdm:v:15:y:2015:i:2/3/4:p:210-220

Access Statistics for this article

More articles in International Journal of Human Resources Development and Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().