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David Roodman's Microfinance Open Book Blog

Draft chapters, burning questions, useful sources.

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David Roodman's Microfinance Open Book Blog

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Comprehending SEWA

I'd heard about the Self-Employed Women’s Association (SEWA) and its founder Ela Bhatt, but I'd never really understood what it and she achieved. SEWA began in the Indian state of Gujarat in 1972 as a trade union for self-employed women, whom we today call microentrepreneurs or informal workers. Yet its members neither share a common trade nor have employers to strike against, making for a peculiar sort of trade union (in my eyes). SEWA started its own bank in 1974 and an insurance program called Vimo SEWA in 1992.

AIG Uganda's Micro-Life Insurance

In 1996--97, FINCA Uganda, a village banking microfinance institution (MFI), approached the local subsidiary of AIG (yes, that AIG) to develop a life insurance product that FINCA Uganda could sell to its borrowers. That collaboration led to what I think is considered one of the major successes in microinsurance worldwide.