NSVK

People residing in Mumbai slum migrate from different parts of the country in search of livelihood. They come with their abject condition, with a hope and a dream to change their and their loved one’s life. They are prepared to do anything just to get some amount in their pocket. However these Dreams shatter when they face harsh reality of the city in various forms for instance: demolition, heavy rains, epidemic, political and administrative pressure etc. Often the amount they earn is insufficient to survive in a city like Mumbai. Also their inability to produce identity documents in front of bank authorities deprives them from their right to avail loan facilities from formal banking system.

Sooner or later circumstances compel them to burrow money from money lenders at very high interest rate which they are unable to return. This hampers growth of whole family. Therefore in order to address this we started Income Generation Project with a vision to empower poor people of Greater Mumbai socially and economically by catering to them financial and non financial services related to their business development needs. We aim to reach out to 40,000 on-going partners by 31/12/2015 and we are committed to uplift 40% of our partners from Level 2 or 3 to Level 5 at the time of completion of cycle.
 
Through Income Generation Program, we provide an opportunity for people to enhance their skills and sustainable means of income that ensure equal opportunities. The income generation activities have matured in last 10 years. There has been growth in many aspects of this enterprise. The number of families involved has grown from 9 to 2000. Another major growth is in self confidence and skills of the families.
   
Our Clients:
Poor slum dwellers
Micro entrepreneurs (established or non-established): service, manufacturers, buy & sell, etc.
People excluded from formal banking system
Scheduled castes

Set of needs we are satisfying:
Financial needs (loans & savings)
Trainings needs
Counseling needs (CMs & FDP)
Educational (education loan)
House repairing
Social integration/recognition

Products we serve to them:
Productive loan
Educational loan
Housing loan
Capital Build Up
Voluntary Saving
Training courses
Business counseling
Family counseling (networking to FDP)
Health awareness (networking to TBCP)

Our market: Population of urban depressed areas, excluded from formal banking system.

Our segments:
People willing to start a productive activity
People having a productive activity and:
1) Willing to develop it
2) Needing to invest in their house
3) Needing finance to settle another debt (health bill, money lender, wedding debt, etc.)
4) who lost their assets in a natural calamity (floods, etc.) or accident (fire, road accident, etc.)
People willing to study or finance education of their children

      

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