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What Dream Does Kamlabhai Aspire for from $300?

Kalesh Kumar's picture

We were in Kachnaria village, about 45 kms from the Biora Block headquarters in late May. Kachnaria has a population of 2600 with 290 households identified as extremely poor and supported by the Madhya Pradesh Poverty Initiatives Project, which has created 12 Self Help Groups of women thus far. My good friend Raman Wadhwa from the state project office and other colleagues were with us when we me with the Village Development Council (VDC) members.

Raman and I joined the VDC meeting as guests and the Sakhi (a lady from the village who takes care of bookkeeping for the rest of the group) formally introduced us to the group as observers and instructed us to sign the attendance registration along with other members. The proceedings of a community group that has learned over the last few months to stand on their own feet and lead respectful life has many intricate lessons for federating and finding a common place for everything that is significant in life, including prayer in the beginning in Hindi (“Humko man ki sakthi dena… man vijay kare… “roughly translated as “Oh God, Give strength to our mind, for the mind to be victorious… make ourselves victorious over our mind for us to cheer the victory of others...”) their long log books of money brought in by each Self Help Group (SHG) and their inquisitive interactions ensure that money taken by members as loan was spent for productive purposes.

World Bank Provides Four Loans Worth Over $4.3 Billion to India

Joe Qian's picture

The World Bank approved four loans worth $4.345 billion dollars yesterday, which is the second largest volume of lending to a single country in a year.

The goal of the four projects is to contribute to improving India's infrastructure and help bolster the country's response to the global economic and financial crisis and lay the foundations for stronger growth in the future.

The financial package consists of:

-Banking Sector Support: $2 billion
-Support for India Infrastructure Finance Company Limited: $1.195 billion
-The Fifth Power Sector Support Project: $1 billion
-The Andhra Pradesh Rural Water Supply and Sanitation Project: $150 million

For more information and to watch an interview with India's Country Director Roberto Zagha, please check out the feature story.