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Class 12 pass, but this banker sure knows her business

For a person who has studied just up to class 12, Madhuben Parmar’s business acumen can come across as quite a wonder to all. She can hold a conversation on lack of financial literacy in the country, non-performing assets that can prove to be a headache for financial institutions and the pressure of achieving monthly targets. Her position as the chief operations officer (COO) of SAATH Savings & Credit Co-operative Society Ltd can easily put her in the bracket of successful bankers in the country.

From being a field officer, earning a paltry Rs250 a month, she worked her way through the upper echelons of the credit society and, today, looks after seven branches of the co-operative society with an overall business of Rs 6 crore and over 20,000 clients.

“I used to attend additional classes run by SAATH. After clearing class 10, I began teaching students to supplement my income. I then cleared class 12 and worked with the organisation for some time before being moved to the credit society. I would come from Sanand to work in Ahmedabad and my meager salary would be spent in commuting. Everyone asked me why I continued when I wasn’t able to save any money. But I realised back then that what I was training for would bear fruit sometime in the future. And here I am,” she says, explaining her transition. 

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