The Problem Of Gender Inequality - 950 Words

Gender inequality is a serious problem in our community. Since childhood I saw my mom work long hours in order to bring food to our table. Unfortunately for me, I never got to see my dad since he left my mom before I was born. I grew up in Monticello, New York, a place known for its poverty and violence. Monticello featured woman working in grocery stores and men seen selling and abusing drugs on the streets. Whenever an expensive car would drive by, men would stare and express verbal signs of hatred towards the owner. Since this was the lifestyle I grew up around, I had to make a choice whether to stay here, sell drugs or go to college and pursue a healthier life. An important factor that contributed to my decision, was a recent encounter I had with gender expectations. I understood why our perception, state of mind, was a key factor that determined gender inequality, how it determined who gets hired, who contributes most to his or her work and why this was such a problem. At age 15, I decided to apply for a job in my local Mc Donald’s. I had waited almost a month for this job and although no past experience was required, I still had a great deal of fast-food understanding on my resume. After my interview was over, I was confident that I would be hired, even the manager assured me since I was the most intelligent applicant out of all applicants, I would be given more priority. To my surprise another person had applied for the same position, was hired by the manager on theShow MoreRelatedThe Problem Of Gender Inequality1041 Words   |  5 Pagesopportunity to have an education due to the lack of belief in the value of education for women in. In addition to that, women have certain regulations and laws to abide by regarding legal and political rights. Furthermore, there is the problem of gender inequality in the workplace for women as they face discrimination. Women face injustice to be considered equal to men in third world countries. The majority of girls who aren’t in school in developing countries face social or family barriers. WomenRead MoreGender Inequality : A Social Problem1728 Words   |  7 Pageswhy a social problem exists, came to be and where its future lies. The best explanation on why gender inequality is, always has been, and will continue to be a social problem is from the functionalist perspective. Functionalist focus on how a society creates the social problem and then analyzes how and why the social issue has been maintained over the years. The objective reality is that gender inequality has and always will be a major issue in society. The scope of gender inequality has changed drasticallyRead MoreGender Inequality : A Social Problem1016 Words   |  5 PagesGender inequality is a social problem that is widespread in society. It is referred to as the unfair treatment of individuals based on one s gender. Historically, laws have opposed women to go to school, access certain jobs, and pu rchase property. Gender inequality has been experience through culture – honor-killing, sex-selective abortion, and society – occupation, gender roles, and education. The social expectations of men and women differ between cultures that are constructed socially and culturallyRead MoreGender Inequality : A Huge Problem971 Words   |  4 PagesGender inequality The world surrounding us today tells us what to do, how to be, and what to think based on the bodies that we live in. However, what the world has forgotten is that we are all just people. People that cry, that bleed, feel the hurt of sorrow or the happiness of pure joy. At the end of the day, it doesn t matter what we do in life but how we live it, how we love ourself and how we love others. So why is gender inequality still such a huge problem? Gender inequality refers to theRead MoreThe Problem Of Stem And Gender Inequality1784 Words   |  8 Pagesemployers could potentially see a decline in women, but there have been efforts to change this rate (Beede et al par. 6). This could mean big problems for the world as more problems will arise and there’s nothing to be done because of companies are non-diverse and underemployed. The main problem employers are seeing is gender inequality. Gender inequality is when a group of people, in this case women, are existing with an unequal amount of opportunities and rewards. It’s a big issue and it specificallyRead MoreProblems of Gender Inequality for Women in India and Other Countries1674 Words   |  7 Pagesthe problems women in India and other places around the world face in creating women. The major stem of this problem revolves around the gender inequality that still prevails in many countries. Due to less significance given to the working women, the unions made by them dont receive much important either. Provided are some examples of the SEWA and JFJ movements that have made significant changes in the working women in India and America. Introduction The work force has always faced problem inRead MoreGender Inequality863 Words   |  4 PagesDecember 4, 2013 Professor Fischer Gender Inequality in a Global Perspective What is Gender Inequality? Like others, a social problem that is widespread in American society is Gender inequality. It is a problem that has had a negative impact on American society. Gender inequality can be found in many sub-systems of America. It is important to understand what gender inequality is in order to identify and correct the problem. Two sub-systems that gender inequality can be found are in the family andRead MoreGender Inequality : A Feminist Perspective770 Words   |  4 Pagestopics of gender inequality become more and more popular in the society because a lot of reports show that many women are killed by bias on all over the world every year and women are hard to find a job in some places nowadays. Under this background, the â€Å"team† of feminist becomes stronger and stronger. In‘’ ‘I’ve been pondering whether you can be a part-feminist’: Young Australian Women’s Studies student discuss gender†, Kate Hughes presents the changing of stu dents who has different gender perceptionsRead MoreHorrific Treatment Women In The Middle East. Spring 2017.1718 Words   |  7 Pagesdifferent ways, and different causes. However, they all lead to dehumanization of the individual. These discrimination problems are usually problems that date way back in time. For example, the labeling of women as the weaker sex, or the gender that must make all the emotional decisions in the house is dehumanizing for them. Segregating women is a social problem, and this problem is more aggressive in some parts of the world. As of matter of fact, women in the entire world have been the subject ofRead MoreThe Construction And Experience Of Gender Inequality1395 Words   |  6 Pagesconstruction and experience of gender inequality. Men and women are constantly analyzed, compared, and grouped together in society. The result of this yields discrepancies in how sexes are viewed by society. Throughout my examination and explanation of gender inequality, I concluded both men and women are victims to gender inequality. I examined different professional industries in The United States to get a familiar understanding of gender inequality around me. Gender inequality does not particularly favor

The Flat World And Education - 848 Words

In line with Hammond’s assertion in her book The Flat World and Education that we only spend ten thousand dollars a year per student to educate our students, but we would and have spent in some cases thirty thousand to incarcerate them (2010). What if we took that forty thousand dollar combined total and split it up evenly? So that we spend twenty thousand on our students and twenty thousand on those we convict and sentence to incarceration. Because while education of those not in prison is important, I find that education of those who are institutionalized (to include those in prison) especially if their term of institutionalization or incarceration is to find an end. Whether it is only for things like behavior mitigation (Alcoholics Anonymous, Anger Management, and Al Anon†¦ Etc). If we ever expect to slow down the flow in and out of prison. Flow as it relates to a prison population are the total number of prison admissions and releases, as they relate to the â€Å"sto ck† prison population which is the number of citizens being incarcerated in total at any given point in time. Also, of importance I think to realize is that the time has passed to debate whether or not incarceration works as an absolute as compared to deterrence. If my memory serves me correctly I argued in Dr. Lowery’s week three discussion on the matter that we as a nation could only effect the stock population of inmates if we focus on better application of deterrence and Incarceration as a method to improveShow MoreRelatedThe Flat World And Education1716 Words   |  7 Pages In their novels The Flat World and Education: How America s Commitment to Equity Will Determine Our Future and Education and Opportunity, both Hammond and McShane offer expert insight and solutions to repair America’s broken educational system. 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The Microfinance Profile Growth In India Finance Essay - Free Essay Example

Sample details Pages: 12 Words: 3726 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Microfinance has emerged as an important sector in many countries for providing financial services such as savings, credit, insurance and remittance services to the poor. Microfinance has become a global phenomenon. Governments, central banks, donors, practitioners, and other development agencies promoting microfinance are increasingly involved in the developing suitable policy initiative for meeting local needs. Don’t waste time! Our writers will create an original "The Microfinance Profile Growth In India Finance Essay" essay for you Create order In India, a range of institutions in the public sector as well as the primary sector, offers microfinance services. These can be broadly categorized into two categories namely, formal institutions. The formal category comprises apex development financial institutions, commercial banks, regional rural banks, and cooperative banks that provide microfinance services in addition to their general banking activities and are referred as to as microfinance service providers. On the other hand, semi-formal institutions that undertake microfinance services as their main activity are generally referred to as microfinance institutions (MFI). While both private and public ownership are found in the case of formal financial institutions offering microfinance services, the MFI are mainly in the private sector. Microfinance service providers Microfinance service providers include apex institutions like National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI), and Rashtriya Mahila Kosh (RMK). At the retail level, commercial banks, regional rural banks (RRBs) and cooperative banks provide microfinance services. Today, there are about , over 60000 retail credit outlets of the formal banking sector in the rural areas comprising 12000 branches of district level cooperative banks, over 14000 branches of the regional rural banks (RRBs) and over 30000 rural and semi-urban branches of commercial banks besides over 90000 cooperative credit societies at the village level. On an average, physical reaching out to the far -flung areas of the country to provide savings, credit and other banking services to rural society in general, is un-paralled achievement of the Indian banking system. However, discussion on microfinance through formal banking institutions are excluded attempt made to deal with various aspects relating to emergence of the private microfinance industry in the context of prevailing legal and regulatory environment for private sector rural and microfinance operators. Emergence of Private Microfinance Industry The microfinance initiative in the private sector can be traced to the initiative undertaken by Ela Bhatt for providing banking services to the poor women employed in the unorganized sector in Ahmedabad, Gujarat. Shri Mahila SEWA (Self Employed Womens Association) Sahakari Bank was set up in 1974 by registering it as an urban cooperative bank. Since then, the bank has been providing banking services to poor self-employed women working as hawkers, vendors, domestic servants, and so on. In the midst of the apparent inadequacies of the formal financial system to cater to the financial needs of the rural poor, NABARD sponsored an action research project in 1987 through an NGO called MYRADA. For this purpose a grant of Rs 1 million was provided to MYRADA for an RD programme relates to credit groups. Encouraged by the results of the field level experiment in group- based approach for lending to the poor, NABARD launched a pilot project in 1991-92 In partnership with non-governmenta l organization for promotion and grooming self help groups of homogeneous members and keeping savings with existing banks and within the existing legal framework. MFI AND LEGAL FORMS Legal form of MFI in India Types of MFI Estimated Number* Legal Acts under which Registered Not for Profit MFI a.) NGO MFI 400 to 500 Societies Registration Act, 1860 or similar Provincial Acts Indian Trust Act, 1882 b.) Non-profit Companies 10 Section 25 of the Companies Act, 1956 Mutual Benefit MFI Mutually Aided Cooperative Societies (MACS) and similarly set up institutions 318 Mutually Aided Cooperative Societies Act enacted by State Government For Profit MFI Non-Banking Financial Companies (NBFCs) 6 Indian Companies Act, 1956 Reserve Bank of India Act, 1934 NGO MFI: There are a large number of NGOs that have undertaken the task of financial intermediation. Majority of these NGOs are registered as Trust or Society. Many NGOs have also helped SHGs to organize themselves into federations and these federations are registered as Trusts or Societies. Many of these federations are performing non-financial and financial functions like social and capacity building activities, facilitate training of SHGs, undertake internal audit, promote new groups, and some of these federations are engaged in financial intermediation. The NGO MFI vary significantly in there size, philosophy and approach. Therefore these NGOs are structurally not the right type of institutions for undertaking financial intermediation activities, as the byelaws of these institutions are generally restrictive in allowing any commercial operations. These organiza tions by there charter are nonprofit organizations and as a result face several problems in borrowing funds from higher financial institutions. The NGO MFI, which are large in number, are still outside the purview of any financial regulation. Non-Profit Companies as MFI: (Non-Profit Section 25 NBFC-MFI) Many NGOs felt that combining financial intermediation with there core competency activity of social intermediation is not the right path. It was felt that a financial institution including a company set up for this purpose better does banking function. Further, if MFI are to demonstrate that banking with the poor is indeed profitable and sustainable, it has to function as a distinct institution so that cross subsidization can be avoided. On account of these factors, NGO MFI are of late setting up a separate Non-Profit Companies for there micro finance operations. MFI is prohibited form paying dividend to its member. Mutual Benefit MFI: Several State Governments therefore enact ed the Mutually Aided Co-operative Societies (MACS) Act for enabling promotion of self-reliant and vibrant co-operative Societies based on thrift and self-help. MACS enjoy the advantages of operational freedom and virtually no interference from government because of the provision in the Act that societies under the Act cannot accept share capital or loan from the State Government. Many of the SHG federations, promoted by NGOs and development agencies of the State Government, have been registered as MACS. Reserve Bank of India, even though they may be providing financial service to its members, does not regulate MACS. For Profit MFI: Non Banking Financial Companies (NBFC) are companies registered under Companies Act, 1956 and regulated by Reserve Bank of India. Earlier, NBFCs were not regulated by RBI but in 1997 it was made obligatory for NBFCs to apply to RBI for a certificate of registration and for this certificate NBFCs were to have minimum Net Owned Funds of Rs 25 lakhs and this amount has been gradually increased. RBI introduced a new regulatory framework for those NBFCs who want to accept public deposits. All the NBFCs accepting public deposits are subjected to capital adequacy requirements and prudential norms. There are only a few MFI in the country that are registered as NBFCs CAPITAL REQUIREMENTS NGO-MFI, non-profit section 25 company mFI, and cooperative MFI are regulates by specific Act under which they are registered and not by the Reserve Bank of India. These are therefore not subjected to minimal capital requirements or prudential norms. These MFI desiring to become NBFCs are required to have a minimum entry capital requirement of Rs 2 Crore. As regards prudential norms, NBFCs are required to achieve capital adequacy of 12 per cent and maintain liquid assets of 15 per cent on public deposits. FOREIGN INVESTMENT Foreign investment by way if equity is permitted in NBFC-MFI subjected to a minimum investment of US$ 500,000. INTEREST RATES Interest rates are deregulated not only for private MFI but also for the formal banking sector. In the context of softening of the interest rate s in the formal banking sector, the comparatively higher interest rate (12 to 26 per cent per annum) charged by the MFI has become a contentious issue. The high interest rate collected by MFI from their poor clients is being perceived as exploitative. It is argued that raising interest rates too high could undermine the social and economic impact on poor clients. As most MFI have lower business volumes their transactions costs are far higher than those of formal banking channels, the high-cot structure of MFI could affect their sustainability in the long run. COLLATERAL REQUIREMENTS All legal forms of MFI can waive physical collateral requirements from their clients. The credit guideline of the RBI allow even banks to wave any type of collateral and margin requirement for loans up to Rs 50000. Current status 2009-2010 The Indian microfinance sector presents a strong growth story. Its growth performance was impressively sustained through the liquidity crunch and continued at an increased rate in the second half of 2009. As of March 2009, the MFI in India reported a client base of 22.6 million with an outstanding portfolio of more than $2 billion. Over the past five years, the sector has delivered a CAGR of 86% in the number of borrowers and 96% in portfolio outstanding. In the 12 months from March 2008 to March 2009, the microfinance industry experienced a 59% growth in its client base from 14.2 million to 22.6 million and 52% growth in its portfolio outstanding which increased from $1.5 billion to $2.3 billion.8 this reflects a 14% increase in the absolute growth in portfolio outstanding and 33% increase in the absolute growth in the number of borrowers from 2008 to 2009. Table 1.1 Past trend of loan to SHG. Year Ending March 31st 2004 2005 2006 2007 2008 2009 Outstanding Portfolio($ million) $80 $252 $496 $824 $1,535 $2,346 Growth Rate 215.00% 96.80% 66.10% 86.30% 52.80% Borrowers (million) 1 2.3 4.9 7.9 14.2 22.6 Growth Rate 130.00% 113.00% 61.20% 79.80% 59.20% Source: Microfinance India State of the Sector Report 2009 National Bank for Agriculture and Rural Development (NABARD) NABARD is the apex financial institution for agriculture and rural development. We examine the role of NABARD in microfinance later. But the linkage between banks and NABARD is worth a discussion. NABARD is expected to re-finance the rural portfolio of the banks and cooperatives. With the falling interest rates, banks do not find it attractive to borrow from NABARD. The other role that NABARD performs is to manage the Rural Infrastructure Development Fund (RIDF). In case the banks are unable to achieve the priority sector lending targets for agriculture, the banks are expected to deposit the shortfall with NABARD under the RIDF. This fund is used by NABARD to fund rural infrastructure projects. While the banks falling short of there targets have been depositing the amounts with NABARD, NABARD has not deployed these funds effectively. NABARD has disbursed only around Rs.13,000 crores out of the total corpus Rs. 23,000 crores available under various phases of RIDF. Therefore the amou nt that should have rightfully reached the rural economy has not reached them, either directly or indirectly. Policy Support Given the governments pledge to economic reforms with a human face, it is not surprising that the current finance minister is generally considered to be supportive of microfinance. The states commitment to combating poverty is hardly a new phenomenon. Over the last forty years, the Reserve Bank of India (RBI) has encouraged a significant expansion of bank branches in rural areas in order to extend credit services to disadvantaged groups, including small and marginal farmers, rural artisans, and other small borrowers. RBI has also required commercial banks to direct 40 percent of there lending to poorer members of society and to priority sectors such as agriculture. The governments 1982 Integrated Rural Development Program (IRDP) was one of the largest poverty alleviation programs to include a microfinance component. Today, national development banks play a crucial role in the growth of microfinance. Despite general support for microfinance, there appears to be a tension between promotion of the sector and client protection. RBI has thus forbidden MFI from taking public savings that would reduce there cost of capital. A similar tension exists at the state level as well, though some states are more active in microfinance than others. Andhra Pradeshs (AP) Mutually Aided Cooperative Societies Act, which is being replicated in other parts of the country, greatly simplifies the formation and supervision of groups that can access microfinance services on behalf of there members. APs populist mandate, however, sometimes serves to undermine credit, as is exemplified by the decision that farmers need not repay the principle on a loan for the first six months, unless they are borrowing from a bank. MARKET TRENDS As the Indian microfinance sector matures, c expects the year-on-year growth rate to decline to still high, but more sustainable levels. Over the next four years, Lok Capital projects the number of borrowers to grow at 34%, which is 60% less than the historical 5-year CAGR of 86% and the portfolio outstanding to grow at 40%, which is 58% less than the historical 5-year CAGR of 96%. Even with these cautious assumptions, Lok Capital expects MFI borrowers to increase from 22.6 million to 64 million and portfolio outstanding to increase from $2 billion to $8 billion by 2012. With maturity, MFIs will have to begin reassessing and re-engineering their growth strategies in a couple of years. They will have to take into account market opportunities and risks and adjust their geographical exposure, client base and product offering to remain competitive. Hints of market conditions that MFIs will have to navigate in the coming years are present even today, and MFIs are beginning to recognize these factors as they continue to grow. Below we explore the changing market dynamics in terms geographical spread of microfinance, client profile and product offerings and evaluate how MFIs might respond. Despite the rapid expansion of microfinance, large areas of India continue to be underserved. Lok Capital estimates that the penetration potential of the existing microfinance model is between approximately 43 million and 52 million households, out of which 22.6 million are existing customers. This implies an unaddressed demand of 20million to 29 million customers. Currently, as many as 54% of all microfinance clients are concentrated in the Southern States: Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.15 Alternatively, there is an extremely limited microfinance presence in the North and North-east. MFIs are beginning to realize, however, that the South is becoming overly saturated and there is a commercial need to expand to newer geographies to ensure continued growth and mai ntain the quality of their portfolio. It has become imperative that MFIs diversify their operational base and limit overexposure to heavily serviced areas and clients. The Karnataka episode (detailed below) has demonstrated the urgent need to re-engineer expansion strategies to avoid over-lending to a cluster of clients and hedge against regional disturbances, economic, political and social. 54% of all microfinance clients are concentrated in the Southern States: Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.15 Alternatively, there is an extremely limited microfinance presence in the North and North-east. MFIs are beginning to realize, however, that the South is becoming overly saturated and there is a commercial need to expand to newer geographies to ensure continued growth an maintain the quality of their portfolio. It has become imperative that MFIs diversify their operational base and limit overexposure to heavily serviced areas and clients. The Karnataka episode (detailed be low) has demonstrated the urgent need to re-engineer expansion strategies to avoid over-lending to a cluster of clients and hedge against regional disturbances, economic, political and social. CLIENT PROFILE We have begun to see greater microfinance activity in states such as Maharashtra and Madhya Pradesh, but MFIs are approaching the North and North-east with more caution and hesitancy because these areas present a very different type of client base compared to South or Central India. Nonetheless, the trend toward expanding in uncharted territories will continue, albeit slowly. In addition, MFIs are trying to start tapping different portions of the low income segment. Thus far, a very narrow band of the low-income population segment has been served through microfinance. There is an ultra-poor segment as well as a wealthier one which have drastically different needs and capacities from the segment currently being served. Small efforts are underway to explore these segments needs and capacities and evaluate what kind of products and services would allow them to be brought under the financial inclusion umbrella. For example, with help from Lok Foundation, Ujjivan is currently participat ing in a pilot program for the urban ultra poor which seeks to equip them with knowledge and skills that will allow them to eventually avail microfinance services. Moreover, the government has also of late turned its focus toward financial inclusion. This means that policy and regulatory attention on microfinance has increased with the government constituting two high-level committees to provide suggestions on how to improve the financial inclusion scenario in India. This new trend will provide impetus to devise strategies for more inclusive growth that makes commercial as well as social sense. PRODUCT OFFERING Thus far, microfinance institutions have largely limited their product and service offering even within the confines of financial inclusion. In fact, their product innovation has been limited to credit which is intended to serve a variety of needs as shown by the box below. The limited product innovation is understandable given the sectors primary focus has been on refining its business model and gaining scale to become financially sustainable. Despite following a single-product model, the sector has experienced remarkable growth. This growth can only be expected to continue as product innovation and diversified service offerings attract and retain greater number of customers with a variety of needs. The very same clients that the sector currently serves have a plethora of alternate needs for basic products and services, financial and non-financial which can affect sustainable, long-term achievements in their quality of life. Fortunately, recognizing this pent-up demand, mature MFI s are beginning to take concrete steps toward expanding their product basket, at least within the context of financial services. Along with credit, MFIs are heavily exploring the possibility of providing savings/deposit services, micro-insurance and remittance services. SAVINGS Access to a savings mechanism, like that which is available through commercial banks, is usually held by the microfinance industry to be the most urgent need to enhance the economic security of the poor. Due to RBI regulations, Non Banking Microfinance Company (NBFC) MFIs cannot currently accept interest-bearing deposits, unless they provide the service through a Section 25 Business Correspondent conduit. This structure prohibits the conduit from charging any fees to execute this function and limits its reach within a limited radius of the bank branch. MFIs are lobbying the RBI to relax these regulations to allow NBFCs to operate as business correspondents, charge an extra fee for the deposit-taking service and delimit the geographical reach of their operations. These changes would not only make deposits a viable commercial product, but also allow MFIs to offer it to a broader set of clients. INSURANCE While credit can serve to enhance a households income, insurance can serve to cushion the negative economic impact in the event of an emergency. Without insurance, a single incident can often impoverish a household, even with access to micro-credit, especially if the emergency affects the main earning members. A number of MFIs already offer micro-insurance products to their clients. The most basic products insure against health and accidental death. Companies such as Satin and BASIX usually tie the insurance products to their credit products, which makes the availability of credit contingent on the client availing insurance. The rationale behind packaging the loan and insurance together is that often clients do not understand the importance or benefit of insurance until they face an emergency. From a commercial viewpoint, the MFI is in effect insuring its loan against a crisis in the clients household, since insurance hedges against total financial collapse and thus ensures repayme nt of the loan, albeit in a delayed fashion. Similar to customers, BASIX also links livestock loans to livestock insurance for a similar reason it cushions the financial blow and increases the likelihood of a successful loan recovery. We can expect the number of insurance products available to increase as MFIs expand beyond their core credit product and clients become more aware of the benefits of insurance. REMITTANCE Domestic labor migration has a long history in India and is on the rise given disparities in growth across states migrants need a fast, low-cost, convenient, safe and widely accessible money transfer service. In India, remittance services can be enabled by the provision of savings and thus need to be provided in tie ups with banks and post offices. In some cases, MFIs provide remittance services by establishing their presence in a migrant destination to channel remittances back to the community in the migrants area of origin or by establishing a tie-up with another MFI, bank or money transfer company in the area of origin. Going forward, the role of technology will become more important in facilitating the development of alternative channels and payment mechanisms. NON-FINANCIAL PRODUCTS Within product offerings, MFIs are considering expanding their activities beyond the realm of financial services since this can provide synergies linked to future expansion. Microfinance clients have myriads of unmet needs such as healthcare and education as well as livelihood requirements which can enhance their income, employment potential or quality of life. Given MFIs existing relationships with this population segment, they would be an ideal channel to provide these services. While MFIs may not want to delve into product lines that are fundamentally different from their core business, they could easily act as conduits to allow other agents to deliver these services to their customers. The microfinance industry as a whole is now experimenting with a wide variety of potential models that could be used to deliver non-financial services. For example, BASIX offers a host of alternative services to its clients. Beyond the basket of credit and other financial products and services, B ASIX also provides low income customers with livelihood services, including agricultural and business development consulting services, to help microfinance clients use their loans more effectively. BASIX offers these alternative services to its clients through different entities housed under one umbrella. These groups have tremendous synergy and contribute to each others growth and prosperity. The credit business enables customer acquisition, while the insurance business mitigates risk, and agricultural and business development service enables customer retention. The consulting and IT business enhances BASIXs revenues, while the social businesses enable research and development which contribute to BASIXs strategy development. In addition to livelihood services, several MFIs are examining the feasibility of providing critical basic services to deliver low cost healthcare, education and vocational training. For example, Spandana is currently developing a comprehensive low cost heal thcare delivery model focused on the healthcare needs of women and children. BASIX has launched a vocational training academy to impart education in rural development and management to potential job seekers from low income communities. These participants would be deployed in the rural/semi urban areas with BASIX or other organizations offering financial services to the poor. In addition to being important avenues for productive utilization of credit by MFI clients, these types of services have a strong potential.

Domestic Violence in Canada - 1662 Words

Violence has become prevalent within society; it is something the western world has learned to accept. With every minute that passes Canadians come face to face with certain acts of violence they may not have previously encountered (citation). Although, violence is not a subject that one can escape, women and children have unfortunately become the prime victims of violent acts. The media glorifies violence in other countries around the world it fails to address the presence of violence within Canada. Although violence is usually associated with gangs and guns, Canada experiences more violence related to bullying, sexual, verbal, cyber and domestic abuse (citation). Amidst the changing societal views towards treating women equally and†¦show more content†¦In some case, however, isolation is involuntary on the woman’s part as it is caused by the abuser himself. A number of abused women are told to stay at home or be subjected to harsher abuse; the obvious choice in this situation is to stay. While adhering to such demands and psychological strain, women are knowingly subjecting themselves to isolation that negatively affects their relationships with family and friends and ultimately causes irreparable damage to the victim. Although, domestic abuse mainly targets women, the negative affects of this epidemic also affects the lives of children who experience or witness it on a daily basis. Children are recognized as the future of modern society as the population continues to grow old. Therefore, each and every child has the right to be nurtured in a safe environment (Geffner, 2000). A home riddled with domestic violence is the complete opposite of what Geffner described in her book, Children exposed to domestic violence. According to the 2003 Canadian Incidence Study of Reported Child Abuse and Neglect (CIS), almost 250 000 homes across Canada failed to provide an ideal living environment for their children (citation). Most of the damage comes at the hands of a parent or other relative, and the damage can last a lifetime. An abused child is 35% more likely to end up in violent or abusive relationships as an adult (citation). As stated by the statistic above, the likelihoodShow MoreRelated Domestic Violence Against Women in Canada Essay2257 Words   |  10 PagesIntroduction Intimate partner violence has been a significant issue for centuries in all countries. Since 1974, nearly 2,600 spousal homicides have been recorded in Canada (Bunge, 2002). Of these homicides, more than three-quarters have been against women. Although through feminism and the womens liberation movement, there has been a slight improvement in the incidences of violence against women, there has also been a drastic change in the perception of the issue by society. After reviewingRead MoreThe Women s Rights Movement Essay1561 Words   |  7 PagesMovement. As a matter of fact, according to Nevala (2005), since 1995, the United Nations has continuously been committed towards the elimination of violence against women under the United Nations Crime Prevention and Justice Program. As it pertains to Canada, Lakeman (2006) affords that The Vancouver Rape Relief Center shelters over 100 rape domestic abuse victims each year. However, in spite of the great, motivating, and inspiring strid es that have over the years been made towards the realizationRead MoreFamily Violence : A Serious Social Problem Essay1575 Words   |  7 PagesFamily violence is a serious social problem that affects many families around the world. It is defined by the University of Michigan as situation that occurs â€Å"when a person uses physical violence, coercion, threats, intimidation, isolation, stalking, emotional abuse, sexual abuse or economic abuse to control another partner in a relationship† (â€Å"Understanding Abuse†). This includes any kind of behaviour that might make the other person feel scared, threatened and fearful for their safety. AccordingRead MoreDomestic Violence Against Immigrant And Refugee Women1050 Words   |  5 Pages4. How can Canada protect and welcome refugees and newcomers? How can domestic violence against immigrant and refugee women be prevented? Some of the ways Canada can protect and welcome and protect refugees by; Making the status in Canada secure- This means that Canada should make permanent residency open to all including migrant workers. They should not restrict the Permanent Residency to only those coming for high wage jobs. There should be a legislation and enforcement to protect them effectivelyRead MoreNational Intelligence Analysis1531 Words   |  7 Pagesillicit drugs in Canada (NIA et al., 2010). Asian, Latin American, and West African organized crime groups, functioning in Canada as well as in foreign countries, remained to be participants in smuggling and transporting heroin in Canada (NIA et al., 2010). That is not to say that Canadian organized crime groups were not participants in the heroin market; Canadian organized crime groups took part in the heroin trade as well (NIA et al., 2010). Heroin importation, however, Canada through differentRead MoreDomestic Abuse1347 Words   |  6 PagesDomestic violence has been an ongoing issue among couples in society. This violence is n ot something that is new; it has been around for a long time. Domestic violence, can range from physical, mental, and emotional. When a couple is in an intimate relationship or married, one of the individuals in the relationship tries to dominate the other partner by trying to control them. This is commonly called domestic violence. A vast majority of domestic violence cases go unreported each year. This couldRead MoreThe Status Of Women Can Be Related When Observing The Economic, Social, And Political Aspects Of A961 Words   |  4 Pagesof a first or third world country. When a country has a good economic position in terms of infrastructure, labor and education, we can relate how much power or social equality will be distributed for each individual. In a first world country like Canada women earned in 2013 approximately a total income of $30, 100 whereas men earned $47,000 (Williams, 2010, p.7). Even though the economic gap proofs to have a wage disparities, this has helped wome n to gain power, voice, and rights for their fightRead MoreThe Relationship Between Gender and Domestic Violence1010 Words   |  5 PagesRelationship Between Gender and Domestic Violence Summary: This article discusses the relationship between gender and domestic violence. For many reasons, people commonly believe that domestic violence is more likely equal to wife abuse or woman abuse. But this prejudice is erroneous. On the one hand, because of the definition of domestic violence including dating or cohabitation and modern research finds that husbands as well as wives may be victims, domestic violence is not more likely equal to wifeRead MoreEssay on Violence733 Words   |  3 PagesViolence is one of the most problematic issues society faces today, and it has been increasing day after day, in the streets of our cities. The most common description of what violence really is can be given as negativity towards something or someone either through physical or verbal actions, which often causes the victim to suffer pain. The different types of violence that exist in our multi-cultural society are out-numbered, but the most evident ones are domestic, gang, sexual, and r acial violenceRead MoreIntimate Partner Violence And Sexual Relationships1379 Words   |  6 PagesIntimate Partner Violence One of the biggest problems that have been happening in some households over the last numbers of years is intimate partner violence (IPV). IPV has been identified as a world-wide public health concern (Kulwicki and Miller, 1999). The term intimate partner violence has been defined as the physical, emotional, verbal, or sexual abuse between a person and their spouse, this includes cohabitation and marriage. This type of violence will usually involve harm/control from one

The Dust Bowl The Most Extremely Horrible Man Made...

The Dust Bowl was the most exceedingly awful man made environmental disaster in American history. The term Dust Bowl was a term instituted by the general population who lived in the dry spell stricken southern Great Plains amid the Great Depression. The Great Plains were opened to cultivating by new gadgets, for example, the steel furrow. The appearance of tractors empowered much more serious cultivating. World War I in particular encouraged agriculturists to build creation. After the War there was dejection in rustic regions notwithstanding during the Roaring 20s. Agriculturists did not, however utilize required soil protection measures. Incomprehensible ranges of area had been changed over to homestead arrive on the Great Plains. This had evacuated the normal vegetation which held the top soil set up. A scope of cultivating practices in this way made ranches on the fields helpless. This and unfavourable climate conditions, amplified dry spell, brought about the catastrophe of the Dust Bowl. The as of now declining markets were exacerbated by the Dust Bowl. Agriculturists literally watched their ranches, the valuable top soil blow away. The Dust Bowl had both common and man-made reasons. The Plains were liable to wide intermittent movements in precipitation. This was not completely comprehended at the time as the time of concentrated development was moderately short. What s more, the reasons for regular precipitation cycles were not comprehended by any stretch of theShow MoreRelatedThe Effects Of Drought And Its Effects On The Environment1934 Words   |  8 Pagesmoved into the 21st century, the condition of global environment is one of the most popular topics, and it created many controversies. Those topics are wide ranged, from the natural disasters like earthquake, tornado or volcano eruption; to the man-made disasters like nuclear war or air / water / sound pollutions. As a student, I too am interested and have some concerns for the planet that we are l iving in. Among the disasters, drought is the one that I want to learn more about it. So what is droughtRead MoreEssay on Fall of Asclepius95354 Words   |  382 Pagesour understanding! Geez, there were many names given to these undead. Some called them demons, others called them lost souls. With all these names, I found only one that was truly worthy; Zombies. It was a simple word. At the same time it was the most complicated word to enter any human language. I mean just think about it... You say that word to anyone before the outbreak and what would they think of? They would, think of those horror movies or comic books where, for no reason what so ever, zombiesRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesComing Attractions: Developing an OB Model 23 An Overview 23 †¢ Inputs 24 †¢ Processes 25 †¢ Outcomes 25 Summary and Implications for Managers 30 S A L Self-Assessment Library How Much Do I Know About Organizational Behavior? 4 Myth or Science? â€Å"Most Acts of Workplace Bullying Are Men Attacking Women† 12 An Ethical Choice Can You Learn from Failure? 24 glOBalization! Does National Culture Affect Organizational Practices? 30 Point/Counterpoint Lost in Translation? 31 Questions for Review 32 Experiential

OJT Compilation free essay sample

Brief History/Background of the Company/Company Profile The Philippine American Life and General Company is the largest and the most diversified insurance company in the Philippines and the undisputed market leader for over fifty years. With more than a million individual and group policy holders, Philamlife maintains the most extensive network of more than 200 offices and sales agencies nationwide, over 8,000 sales adents and 1,000 employees. It offers the most comprehensive range of insurance products and services and diversified financial services philamlife is a member company of American International Group, Inc. (AIG), the world’s leading U. S-based international insurance and financial organization. Backed by the financial strength and guidance of AIG, Philamlife has earned a reputation for trustworthiness and reliability by helping thousands of families face tomorrow with hope and confidence. To continue gratified as was then to respond to the call for pudlic service Mr.Jose L. Cuisia, Jr. (Son of Mr. Another is when I was assigned to the releasing of passport our superior gave me a permission to explain to the applicants why there passport was delayed for almost 1 month. At first, I was really nervous and I don’t know how to explain them to make them understand the situation. But then I have to overcome it and gain more courage and strength to faced them without any hesitations while explaining everything if why their passport are still delayed. Problems met/encountered and the solutions offered A simple problem has a simple solution itself. The problem occurred when a bundle of passports had arrived and we let them handle it. The problem is we don’t know on how to manage well those passports and how to make our work done much easier. At first we do really think if what would be the best solutions that we are going to apply for that problem. So we came up for our better solutions and we worked as a team to make our product would accurate to the given instructions. After checking the received passport we are now going to encode passport information to the database system and after that we need to segregate first passports according to their bundle number so that it’s easy for us to put passport into the personal record’s bundle. With these steps we easily finished our work and put things at the right place. The Contributions of the program to the cooperating agency OJT or intern provides additional manpower for a lesser labor cost than a regular employee. Employers can use this internship strategy as a method in recruiting new employees. Since the trainer or the supervisor can follow the trainees’ progress, he can gauge based on performance, behavior and attitude if the trainee will make a good recruit after the completion of his internship. OJT’s can bring fresh ideas into the organization. Given the opportunity to speak their minds freely and without fear, they may be able to contribute significantly in brainstorming sessions or research and eventually help improve the organizations productivity. While training the interns, employers are in fact also teaching their employees to process of guiding the trainees stretches their patience, develops teaching skills and makes them more sensitive to the needs and mind set of the younger generation. Hence, the internship also becomes an avenue in training for future managers of the company. Accommodating on-the-job trainees can truly be beneficial not only to the trainees but also to the companies that provide opportunities for this type of learning. Such training can be an investment that will be valuable to the company later on. Competence Gained The training inside the company is learning experience each day. I have learned to appreciate the lessons studied in school. I was able to realized the importance of theories and formulas that was discussed inside the classroom. And also to understand that everything that was thought inside the school can be a tool that can be used in future career. I’ve learned to become a hard-working person. I also learned to follow the instructions as what the superiors said and to accept opinion that they suggested. Lastly, I have known that on-the-job training is not just only a subject to be passed or a requirement to be completed but on-the-job training is an opportunity to show what skills, talents and techniques that the student learned from the school and also an opportunity to experience the life outside the campus; serving companies like a professional on the field of the students’ specialization. Project output Supposedly, Mr. Elmor Maglunsod an IT Personnel will give us a project which is website making for DFA RCO XII but it didn’t happen. We are so excited about this project because we can help their office to be known and can serve more to their society in terms of online issues. The reason why he didn’t pursue this project it is because they need us to help their other employees in minimizing their work. We are always in the frontline and serve as a public servant to the people. But we’re still grateful to them because they gave us with this kind of opportunity. Impact to Field of Specialization The training served as the stepping stone of the trainees to the real world. It served as the beginning of the real life of being an employee. I have realized that learning is a lifetime commitment that is continues even you already have a job. The training gave me more initiative to my chosen career. It inspired me to enhance my skills and knowledge in the field of computer studies. It had given me some ideas what could be the feeling or situation of being an employee. It enriched my individuality as a beginner and created the foundation of being a good worker. The best thing that I have gained inside the company was the good orientation of the person having the higher positions. More importantly, the OJT made me realize the importance of the course that I am taking.

Children Are the Future free essay sample

Ones vital possession is their children because that Is what people leave behind In this world. This person has 2 children that he will be leaving behind and 1 child that he will be reuniting with, when he leaves. Our children are our future and we should cherish and love them as much as we can. Teaching them right from wrong and bestowing them with core values to keep them on the right track. The oldest of the three children Is a boy about 5 years In age. He looks Just Like his father and Just as ornery. The middle child Is a precious little girl who can light up a room but at the same time bring tears to the people that she Is around. The youngest is the most beautiful little girl that he ever laid eyes on. Unfortunately, he did not have a chance to get to know her. God had plans for her as an angel and one day he knows he will be with her again. We will write a custom essay sample on Children Are the Future or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This father of three little children is teaching them the difference of right from wrong and core values that makes him who he is. So, his children will grow up and teach their children and in essence keeping the cycle, of who the children are, alive and growing. We as parents love our children unconditionally and know they are our future. The reason why they are crucial to this person is they are what he leaves behind and at the same time he will live on through them.