Santosh Daniel is the project manager for Grameen Foundation’s Microsavings Initiative in India.
Anju Jaiswal lives in a remote village of Dheena in the state of Uttar Pradesh, India, where she and her husband, Ghanshyam, own a small kirana, or grocery. Using a loan from Cashpor, a local microfinance institution (MFI), Anju is able to stock her family’s store with vegetables, provisions and other essential household items. Her store serves the surrounding agricultural community, which can make earning a regular income challenging as most of her clients have seasonal farm jobs. She uses most of the income she earns from the store to feed her family, often leaving very little for savings. When the family is able to save, they keep their savings at home, like many other poor households.