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Yallingup, Western Australia
Email:
viti@bearfruit.com.au
Website:
http://www.bearfruit.com.au
me her written feedback that she had prepared for Coen Volker’s HwH Volunteer Coordinator‘s
earlier visit to the microfinance projects to take film video footage for the organisation.
Q. Coen asked, ‘Do you think microcredit works Shila?’
“Yes the poor women come out of poverty and their life, also family life improves. They
have money for food, they can live in better houses and their children can go to school
now. Before the women were very shy but now they get more self-confidence.”
Q. Coen asked, ’What is microfinance in Shila’s words?’
“Microfinance means little and amount means loan or money. It means little amounts of
money. Microcredit solves small business and rural poor households who were out of
reach of banking services in Nepal. Microfinance focusing on poor, low income and
deprived people of the community. Especially women, who have no accessibility to any
financial institutions. SNUsacc give a loan to poor women to improve their life and help
them and out of poverty.”
Q. Coen asked, ‘Why do you need microfinance in Nepal?’
“Nepal is one of the poorest in the world. The very poor women cannot take the loan from bank
in Nepal. Because the bank did not give them a loan without any collateral. The poor women
have no owned land and assets. They can only get the loan from the money lenders. They gave
very [high] of 24 – 35% interest. They can never pay back this loan to the money lenders. This is a
big [?]. SNUsacc give a loan to poor woman to improve their life and help them out of poverty.
Nepal women are trapped in poverty [while] growing up.”
‘
Scaffolding
’ in the context of HwH emulation of
microcredit is evident throughout this report and a
wonderful analogy because it defines how microcredit, if
borrowers make the most of those opportunities,
invariably builds upon what has come before.
One such example of ‘
scaffolding
’ was participant (3) —
whom had been in the SNUsacc cooperative for some
time.
Figure 3: Bashnu Maya Participant.