There were indeed many who impressed Barak Obama in his last trip to India. Interestingly, once back home he has not forgotten to follow them . One such woman is Chetna Sinha who has become a source of inspiration and hope for the poor women in the forgotten town of Satara district in Madhya Pradesh.
Mrs Sinha runs Mann Deshi Mahila Sahakari Bank, a cooperative bank run by and for women that has been a pioneer in micro finance since its inception in 1997.
Now US under secretary of international relations Lael Brainard is going to visit this bank and learn the tricks of micro financing. Obviously as a follow up, Obama has sent her to study rural business models in India.
The bank with over one lakh clients offers group loans, savings, insurance and pension plans to women. Brainard will particularly look at the bank’s initiatives to start Mobile Business School for Rural Women (MBSRW).
“I had a couple of minutes with the President Barack Obama when he met business entrepreneurs at the Trident hotel on November 6 last year, Bank founder Chetna Sinha said.
