95
into a business.
Exhibit 3: Groups Manjushree and Bhairavi members learning stitching
Why Savings?
Both the groups started with the saving of Rs.10 per head per week since its inception in
2006. It was a surprise to find that even after the passage of so many years Manjushree
stuck to savings of Rs.10 per member per week. However Bhairavi increased the amount
saved to Rs.20 per member per week. We wanted to know the reasons for the same.
Both the groups claimed that they never gave internal loans to members. The only reason
to save was because it was mandated by their NGO SKDRD (Shri Kshethra
Dharmasthala Rural Development). Hence we wanted to know why one group increased
the savings amount while the other kept it the same since its inception. Members of
Bhairavi were better off than the members of Manjushree. They had the power to save
more and hence decided to increase the amount saved per week. The saved amount was