NIRMAL MAHILA CREDIT SOCIETY

To help women empower economically. In the time of difficulty people use to borrow from money lenders inorder to help themselves , and so it started with small schemes.

This cooperative is run by the people and elects the Executive body. From the profit ,salaries of the worker and stationary is taken care. Many women have started their own business.

Today the women who benefit from the NMCS are 1700. The Government auditor audits the accounts. Now women can make fixed deposits up to 1, 00,000/- After 8 years they will reap double benefits. Loans can be taken up to 1, 00,000 for small scale industry. Interest charged is 1.30%.and loans to be returned within 36 months.7% interest is gained on their savings account p.a. Loans are taken to release their ornaments from the pawn of the goldsmith; to get their children settled, to send them up for higher education, or to supplement the income of their husbands especially when it comes to investing in a rickshaw, a stall etc. The credit society serves all communities and it is a joy when all meet together for the AGM, for celebration of festivals, for Mahilla din etc.

SUCCESS STORIES

Shashikala Mhatre

Sells coconuts in Danda. Took a loan from Credit Society and started a business of making and selling Agarbattis a second business in
Nalla Sopara

Urmilla Gharat

Fish seller. Took loan, and built her hut. She continued this for a period of 6 months and now has a decent place to stay. She also saw her daughter settled and is happy. She has much to thank the Credit Society for this.

Shubhangi Khot

She had taken a loan for her children’s marriage. “Placing my trust in you (Credit society) I could go forward to settle my children.”



Pratima Sashtikar

She is in the cosmetic business. With the loan she took from the credit society she could stock the material she needed for each month. Her savings are a supplement to the family income. She was also able to send her children for higher studies.