MFI ReportMission:
Poverty reduction and strengthening economic, social/cultural status of poor working women through social moblilization, access to credit, training to help them to gain strength in their living/working conditions
Background and Main Challenges:
ICNW traces its roots back to Working Women’s Co-operative Society, which in turn was created by members of the Working Women’s Forum (India). The early initiators of WWF concentrated on credit support as an entry point to social mobilisation. To assist women entrepreneurs get out of the ... Read more
ICNW traces its roots back to Working Women’s Co-operative Society, which in turn was created by members of the Working Women’s Forum (India). The early initiators of WWF concentrated on credit support as an entry point to social mobilisation. To assist women entrepreneurs get out of the clutches of moneylenders and middlemen, WWF played the role of mediator between the loan members and the nationalised banks, taking responsibility for the credit discipline of its members.
Compelled by the complicated systems and bureaucratic delays of the banks that simply refused to plan for the needs of the poor, women of WWF resolved to create a system of their own that would address their credit needs and would be informal and easy to operate. Thus 2,500 leaders of the Forum with a share of Rs.20 each and seed capital of Rs.50,000 - initiated and established their own Working Women's Co-operative Society in 1981 now registered as the Indian Co-operative Network for Women (ICNW).
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Compelled by the complicated systems and bureaucratic delays of the banks that simply refused to plan for the needs of the poor, women of WWF resolved to create a system of their own that would address their credit needs and would be informal and easy to operate. Thus 2,500 leaders of the Forum with a share of Rs.20 each and seed capital of Rs.50,000 - initiated and established their own Working Women's Co-operative Society in 1981 now registered as the Indian Co-operative Network for Women (ICNW).
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Address:
55, Bhimasena Garden Road Mylapore
Chennai
Tamil Nadu
600004
India
Phone:
+9144 24993937
Fax:
+9144 24992853
Email:
wwforum [at] eth [dot] net
Website:
Main Funding Sources:
Grants
Loans
Savings
Shareholder Capital
Products and Services:
Loans
Voluntary Savings
Insurance
Training and Consulting
Fund Transfer Services
Looking for (Investment Types):
Loans in Local Currency
Donations
Capacity Building Grants
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1978
FYE:
31-Mar
Current Legal Status:
Credit Union / Cooperative
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Jaya ArunachalamPresidentwwforum [at] eth [dot] net+9144 24992853
-
Vasuki+9144 24671955
