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Home | About IMSE | Focus Areas | Achievements | Activities | Current Projects | Network | Publications | Contact |  |
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Economic Empowerment IMSE implements economic empowerment program among 43000 rural poor women living below poverty level in Eastern India. IMSE provided them with skills for household businesses and integrate them with markets so as to avoid exploitations of intermediaries or mediators. IMSE is a non governmental organization with the aim to empower people and elevate them from poverty by progressive means such as education, vocational training programs, rural health care and also, since 1993 micro-credits. Micro credit is the extension of very small loans (micro loans) to those in poverty designed to spur entrepreneurship. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Micro credit is a part of microfinance, which is the provision of a wider range of financial services to the very poor. Micro credit emphasizes building capacity of a micro-entrepreneur, employment generation, trust building and help to the micro-entrepreneur on initiation and during difficult times. Micro credit is a tool for socioeconomic development IMSE micro-credit program was at first not a completely successful program, but learning from the first micro-credit institute; Grameen Bank and following its structure, it is today a successful program with a 98% return on loans. 40 000 women are members of the program divided into 34 micro-credit branches in 3 states of India, namely West Bengal, Jharkhand and Orissa. The micro-credit branches are mainly situated in the rural area, but one branch is also lending money to poor women in the poor areas of urban Kolkata. IMSE maintains micro-credits are important for poor people for it gives them access to desirable credit thereby allowing them to invest in their own future and improve their living with their own capacity. With IMSE micro-credit loans, the needy people can take loan without losing their land or other belongings to a moneylender and are able to make investments to start up a small business or expand an already existing one. IMSE also promotes agrarian reform policies and their implementations. By doing so IMSE highlights an alternative paradigm of development, i.e., Food Sovereignty which would encompass basic household needs of poor and would ensure ecological sustainability and socio-economic justness and justice.IMSE functions in more than 700 villages in Eastern India.  |
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