The Strategy !

  • Aajeevika does not propose to create one more NGO and duplicate the infrastructure to undertake independent field work. Rather, it will work with a lean structure and network with existing NGOs/CBOs that share the above philosophy. The idea is to build on their existing social capital in the community and help them to add microfinance services to their present work. Aajeevika’s input will be to link partners to training and  financial services.

  • Aajeevika has identified some partners and  NGOs/CBOs that work with the poor in Delhi slums, particularly women, irrespective of the area of focus of the partner (it could be health, literacy, advocacy, drug abuse, trade unions etc.). Once such partners are identified, Aajeevika links them to training inputs to acquire capacity in microfinance operations. The aim is to create a trained cadre of master trainers within the partner NGOs to support the SHGs in the areas where they work.

  • Aajeevika will assist the partner NGOs in two ways: i) where the NGO has already formed SHGs they will be given further doses of training and capacity building so that they can be upgraded to link to financial services and ii) where the NGO/CBO wishes to mobilise fresh SHGs, it will be assisted with additional field staff support in the exercise of group formation, training etc. Aajeevika supports the partners with field staff and supervision during the social mobilisation phase.

  • SHGs will be provided several doses of training and oriented to savings and credit operations. This phase is expected to last at least one year. The focus here will be on enabling the SHGs to become adept at the entire gamut of operations relating to micro credit, right from fixing the weekly contributions, deciding on interest rates, repayment schedules, loan size etc. As the SHGs begin to make the grade they will be linked to banks/MFIs for a range of financial services.  At the same time Aajeevika will work closely with the partner NGO to enable the SHG members to access credit and services in the areas of primary, reproductive and sexual health, functional literacy, water and sanitation, habitat and skill upgradation.

  • Given the presence of literally hundreds of NGOs and other civil society actors in Delhi, the focus will be on consolidating their work and providing an additional input to link grassroots institutions promoted by the partner NGOs to a range of financial services to strengthen livelihoods. The partners will of course continue to work on their existing focus areas. The intention is to leverage collective strength and scale up from the existing level of social investment already made by the partner NGOs in establishing a relationship of trust with the community.

  • Aajeevika’s vision is to transform itself from a purely social intermediary into a financial intermediary (MFI) within the course of the next 12  months so that it can become sustainable over the medium term. The organisation seeks seed capital to cover its operations over the next two years.