OUR INSPIRATION
Jesus, the Good Shepherd
VISION
Arise to Wholeness
ACTIVITIES OF FIDES
● Awareness sessions
● Counseling
● Skill Training
● Capacity building
● Talks and group sessions
● Seminars
● Family visits
● Exposure visit
● Medical camp
● Prayer meetings
● Net working with other NGOs
● Running of crèche for infants
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NEWS & EVENTS
General Body meeting of Deenabandu women multipurpose co-operative Society
The shareholders of Deenabandu Women multipurpose co-operative Society
had a general body meeting at the FIDES building on October 10, 2021, with 47
women in attendance and the shareholders meeting. The assembly began with
an invocation to God and the singing of a song to the Holy Spirit.
Mrs. Seethamma, the society's secretary, read the audited statement, which
comprised income, costs, and outstanding loans. Mrs. Swapna Jinto, one of the
shareholders and in charge of the e stamp, also discussed the present financial
condition. Because of Covid-19, no suitable meetings were held, and the money
was not repaid. Moreover, he had no savings.
Mr. Samuel described his experiences with certain individuals who seek loans
in groups, and some request loans that are larger than their ability to repay, and
they are unable to repay but still demand a large amount of loan to sanction,
causing conflict in groups and making smooth operation difficult.
Sr Sumi discussed the criteria for lending and borrowing and asked the
members how much loan would be sanctioned if the savings amount was about
$10,000, Based on the savings maximum you can take double the amount. Mr.
Samuel stated that, while fixed deposits in other banks pay lower interest rates,
doing so in our bank pays a better rate of return, as do gold loans, and safety
deposit boxes are all accessible in our bank with larger facilities than in other
banks. Sr Sumi advises doing the same with the members, and Sister ultimately
asks for volunteers to create a federation. The meeting ended up with issuing
snacks to group members.
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