Value from money
The CEO Magazine India|December/January 2019
AS MANAGING DIRECTOR AND CEO OF BANDHAN BANK, CHANDRA SHEKHAR GHOSH IS EXTENDING THE REACH OF INDIA’S FIRST MICROFINANCE COMPANY-TURNED-BANK TO HELP RURAL COMMUNITIES.
Ashton Kobler
Value from money

Back in the late 1990s, Chandra Shekhar Ghosh was working with a microfinance institution in West Bengal. He travelled to rural areas of the state and learned about low-income families and how they managed their lives. “The opportunity to see what they were going through made me want to make a difference in their lives,” he recalls.

On one occasion, he visited a local market and noticed someone giving 500 rupees to the fish vendor in the morning. This man returned in the evening to collect 505 rupees from the vendor.

He realised that this man was a moneylender and was offering loans to the local shopkeepers. When he spoke to the people there, they told him no institution or bank would offer a small loan and even if they agreed to do so they would charge usurious rates of interest.

He left his job and set up Bandhan in 2001 as a microfinance organisation. The institution provided small loans to disadvantaged women. These women, in turn, invested these loans into income-generating activities, thereby helping them to build sustainable livelihoods. Bandhan received its first funding from Small Industries Development Bank of India (SIDBI).

هذه القصة مأخوذة من طبعة December/January 2019 من The CEO Magazine India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December/January 2019 من The CEO Magazine India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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