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Meena Kadri
New Zealand
Exploring the intersection of communication, culture and creativity
Recent Activity
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Prema Salgaonkar has been working with Mahila Milan for over 20 years and now heads a group of local facilitators of a daily savings scheme for Dharavi residents. Mahila Milan means "women together" and provides a decentralised vehicle for the... Continue reading
Posted Feb 20, 2010 at The Prepaid Economy Blog
I can't back up with specific field evidence as none of my informants used MFI's nor high-interest money lenders – not to say they don't exist Dharavi. Rather informants tended to borrow from family and friends, short term on no interest or from salaried friends and family, longer term on interest (equal to interest on savings or upwards to 8%) on flexible terms. Both support your discussion of trust and accounting for fluctuations in earnings. Still others used informal, community based micro-finance arrangements like bishi and chitty schemes which involve both credit and savings. Further thoughts on MFI's that arose while in the field: if loans are provided for people who don't necessarily exhibit entrepreneurial traits, then rather than facilitating successful enterprise they could easily create financial strain for those who are ill equipped to assess risk – which is surely the heart of entrepreneurial activity.
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Sudha makes and sells floral garlands at Dharavi and as our conversation turned to savings she told me that she used bishi. I've spoken to a number of people at Dharavi who participate in bishi schemes (bishi = money matters... Continue reading
Posted Dec 26, 2009 at The Prepaid Economy Blog
Outlook reports that vegetable prices have hit the roof because middlemen rule. In this article they follow the trail from farm to retail.
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Just caught this update from the Times of India online which offers some insight to your question.
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Shankar Jadhar's friends describe him as an "all-rounder". The 40 year old Dharavi resident is married with 5 children and lives close to the traffic island which he has laid unofficial claim to, from where he conducts his business. He... Continue reading
Posted Dec 8, 2009 at The Prepaid Economy Blog
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Yesterday's Times of India pointed to a development by the Reserve Bank of India (RBI) to extend its services. "Very soon, the kirana shop and the PCO in your neighbourhood... and the nearby petrol pump, could provide you with a... Continue reading
Posted Dec 1, 2009 at The Prepaid Economy Blog
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Ahead of my research in ernest of unpredictable incomes at Dharavi in Mumbai this month, I am taking this week to explore and photograph the area. I'll be uploading images in upcoming weeks to my Dharavi Flickr set. And in... Continue reading
Posted Dec 1, 2009 at The Prepaid Economy Blog