A group of artisans from the Nirman Cooperative recently completed a financial literacy program presented by Citibank. Citibank has a long history in India, having been established over 100 years ago in Kolkata, and it has funded a number of programs there. In 2004 the Citi Foundation provided major funding to set up the Indian School of Microfinance for Women in Ahmedabad, with a focus on microfinance and to conduct financial literacy awareness grassroots women borrowers and workers.
The program taught the artisans about the fundamentals of good money management, including credit, saving, investing, household budgeting and financial planning. This knowledge will help them to make good decisions in how to manage their money in order to achieve financial security and plan for a better future for themselves and their families. Prizes were given to the following women for their excellence in completing the homework assignments: Day-1:- 1)Bharati Solanki and 2) Sunita Sharma; Day-2:- 1)Neelam Churasiya and 2) Seema Prajapati; and Day-3:-1) Bharati Solanki and 2) Mubina Rampurwala.
Artisans gain knowledge about how to make a monthly budget