11:47: Cooperative banks were the first; NABARD promotes
connections between SHGs & cooperative banks. We’re trying to get people to
open accounts with banks.
11:48: Cooperative banks are involved in the MFI sector;
SHGs 15% accounts are in coop banks in the country. WB, AP, Karnataka,
Maharashtra have taken the lead, but it’s not enough. There are 14,000 coop
bank branches; including urban branches
would be 18,000, and a huge number of cooperative federations, MACs; if all of
them are involved, there’s great potential available for MFI
11:50: 3% => 6.84% NPA level has risen; we should be keep
it low :/
11:51: MFIs borrowed from coop banks in the 90s. NABARD
encourages this?
11:52: Most banks go into CBS in March 2013
11:54: The Rabbobank delegate is talking about her take on
cooperatives.
11:58: A lot of cooperatives fail—management is key. They
need liquidity management, financial products that make sense/are safe,
auditing, economies of scale.
12:01: You can’t just build a strong cooperative with poor
people—you need a mixed membership base
12.03: Client knowledge is key takeaway from bottom up
organization! So are incentives, relationships
12:05: Poor people only have credit as their assets. Well,
one poor lady said that, so it must be true.
12:08: Clip of a lady saying that Mann Deshi helped her/solved
all her life problems. So of course it’s true for everyone.
12:09: Poor have markets for everything else, but not
finance. Weird/not entirely true.
12:15: Girls are saving for their education!! Women are so
progressive!
12:16: Listen to your members & observe what they are
doing. BUT MAKE SURE TO HAVE A REPRESENTATIVE SAMPLE FROM WHICH YOU
GENERALIZE.
12:17: IFAD representative is talking. Rural Microfinance,
range of financial services & institutions should be promoted.
12:22: Financial organizations really need to grow locally,
and improve financial inclusion that way. Phone banking is a really good way to
do this! There is an optimal level of centralization of the governance
structure.
12:24 : Financial inclusion services need to go beyond
credit. PREACH.
12:26: A lot of cooperatives rely on fees for capital, there
are no funders. Womp womp.
12:27: State banking act restricts cooperatives to operation
within a small geographic area, there is a bureaucracy that is corrupt and hard
to work with.
12:28: “Sometimes when you set up a bank, you have to break
the law”…UHH.I don’t know if you should say that on the record.
12:35: Should there be parallel cooperative societies acts
or state cooperative societies acts?
12:40: Fin.
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