Chetna Gala Sinha Mann Deshi Bank is speaking about her experience of setting up a bank for women. Women came to her saying they want to save money to buy a plastic sheet to protect their child during bad weather. Mann Deshi is a co-operative bank run by women in India. Federal Reserve Bank of India rejected licence at first because they said how can it work if they're mostly illiterate (but eventually gave the bank the licence)
Trafficking does not necessarily involve crossing borders. It can happen in the room next door if it involves forced labour--Martina Vandenberg, Open Society Fellow @trustwomenconf #twconf12
Christopher Davis of The Body Shop talks about his company's campaign against human trafficking. We have 20,000 store staff or 20,000 activists, he says, who sold petitions to customers calling on governments of countries to take action against sex trafficking. They collected 7 mln signatures and delivered them to UN Human Rights Council. 22 governments changed their laws, thanks to these petitions and signatures. #twconf12 We told our customers that they had created social change/political change. All business has power to change things - businesses can reach consumers in a way NGOs, governments can't, he says.
We had to learn door-step banking, says Chetna Sinha, because women said we can't come to the bank because we lose out on work #twconf12
Another challenge we have very wrong assumption about the poor - that they can't handle finance, says Chetna Sinha. One woman said 'I want to buy a cell phone' to keep in touch with her family...she ended up starting a training centre on how to use mobile phones #twconf12
If Not For Sale @NFS created a product line that gave our consumers what they were looking for, then we would sell it in The Body Shop, says Christopher Davis. This is about enterprise #twconf12
Chetna Sinha: If you provide anything with dignity, they don't forget the value of it and they want more. When you talk about financial exclusion many people say it's a dry subject but when it's about women it's a very vibrant subject. #twconf12
Ruchira Gupta of Apne Aap says we have to invest more in girls and women and boys so they have options other than prostitution, domestic servitude, child soldiers etc #twconf12
Ruchira Gupta says her organisation realised they have to work on the demand side of trafficking #twconf12 To tackle the demand side we desperately need a change in the law. Unless the law is changed and perpetrators are punished the girls cannot be protected.
Sinha says the problem with for-profit company is that they don't see business with low-income groups. I was really surprised to see that in India more than 70 pct of the population own a cell phone. Why have other businesses not seen the value in that? Not even 30 percent of rural population of India has a bank account. #twconf12
Michaela Bergman talks on lack of collateral for women as a contributing factor for financial exclusion. It's a matter of scale, she says, and excisting banking systems are not going to change overnight. How can women use other forms of collateral? #twconf12