Micro Finance

Microfinance is a form of financial services for entrepreneurs and small businesses lacking access to banking and related services. It was a movement whose object was a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services,

Though credit plays an important part for the human development especially in a country like ours and self-employment is the only option available to the larger community for their livelihood, at times funding of any project was quite difficult for the general people. In fact, arrangement of funding from mainstream financial institutions was very much difficult for the poor people mainly for their inability to provide collateral for the loan and as such, the poor and marginalised sections were being deprived of the financial support. Though it was being considered at that time that such loans are not commercially viable options for the mainstream financial institutions, in practice it was observed that little credit inputs can create a bigger impact and develop the target community to a large extent. Microfinance has become a real means of reducing poverty by improving both people’s standard of living and economic self-sufficiency

Micro-Credits are mainly offered to :

Right from the beginning SUWS has been working with mission  to strengthen the socio-economic condition by empowering the downtrodden and disadvantaged people through a platform based on financial and other supports. SUWS has been providing financial support to the poor and under-privileged members of the microfinance program of the society for different kinds of income generating activities like Agriculture and  agro-Processing Job, tailoring, embroidery, zari work, handicraft,  manufacturing of soft toys, vegetable vending, fishing, rice husking, animal Husbandry, small Business including various trading activities and many more enabling the beneficiaries to earn their livelihood.