In addition to offering loans to women customers, our portfolio companies also implement several programmes that support skill development, financial planning and literacy for women borrowers thereby providing them with the necessary knowledge and knowhow to scale their businesses.What they should've done was stripped them of their items/achievement, but also refunded them their bugged attempts so they could do it the normal way instead of banning them.ĮDIT: However, that blog post by Muqq comes off to me as nothing more than very long, very whiny and immature QQ.I entirely agree with everything said here. While the situation has been improving over the years, World Bank studies estimated India to have a female labour force participation rate of 23% in 2019, much lower when compared to other large economies such as Brazil, China and the United States.īy investing in companies that support the empowerment of women at the workplace and on the ground through on-lending for a) income-generating activities b) products that have a positive impact on the physical & mental well-being of women, Northern Arc strives to create a society that promotes equal opportunity where women assume a central role in the decision making. While there exists a gender gap across many countries in the world, this difference is far starker in India, where a major part of the society continues to perceive the role of women to revolve around the homefront. Northern Arc identifies companies that provide dairy & livestock loans, engage in supply chain financing or financing of related agricultural activities, institutions that engage in warehouse receipt financing, collateral management, procurement and trade facilitation, that aid a smoother supply of goods to the end customers, directly or indirectly impacting the livelihood of the end borrowers.Īchieve gender equality and empower all women and girls
Farmers in India, however, face a number of challenges including limited access to finance, uncertain monsoons and perishability of goods, which limit their ability to earn a stable income throughout the year and thereby impacting their livelihood. India is primarily an agrarian economy with over 60% of the Indian population relying on agriculture and agriculture allied activities for their daily livelihood. As per a United Nations estimate, there are 195 million undernourished people in India, and 25% of the country’s population goes hungry. India, home to 18% of the global population, is ranked 102 out of 117 countries in the Global Hunger Index 2019. As per the NABARD All India Financial Inclusion Survey (2016-17) and the Global Findex Database 2017, only 9% of the 1.3 billion Indian population had access to formal financial services.īy investing in companies that on-lend to individuals who are economically underserved, we strive to support our portfolio companies towards improving the lives of financially un-served or under-served individuals, helping them grow their portfolios by lending to new and existing customers across the country, including some of the most underpenetrated regions of the country.Įnd hunger, achieve food security and improved nutrition and promote sustainable agriculture However, lack of appropriate documentation, inaccessibility to branch banking, financial illiteracy and other societal barriers result in large sections of the population being excluded from the spectrum of financial services in India. Across several developing economies including India, access to financial services is often a key factor that has the potential to uplift millions from the clutches of poverty. Access to financial services is essential to ensure economic and social well-being, maximizing income opportunities and enhancing the quality of life and standard of living.
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