We are pleased to announce the release of our most recent working paper, authored by IMTFI researcher Syed Aiman Raza, assistant professor of Anthropology at Shia P.G. College in Lucknow, India. Dr. Raza's research focuses on informal credit associations among Zardozi embroidery workers in Lucknow.
Trapped in a vicious cycle of poverty, the poor are unable to think much about their future. This creates a situation in which the education of the children, health of the household members is often compromised with. Each day of their life is spent struggling to earn a living for the family. They often work for more than 8 hours a day, earning less than two dollar and even sometimes less. These impacts are invisible, but in the truest sense – are irreversible for the dent they make in the future of their families. Their choices are minimal which makes it impossible for them to plan out expenditure and calculate one’s own capacity to save or repay.
The present study is an ethnographic account of the Shia population attached to Zardozi (embroidery) in Lucknow, who are reeling under intense poverty and suffering as a result of pittance. This study contributes to the linking of micro levels of analysis of money management through informal financial network of Rotating Services and Credit Association (ROSCA), popularly known as Beesi, among the poor skilled Zardozi (embroidery) workers in Lucknow. The research facilitates verbatim accounts of embroidery workers about what they want ,what they expect of themselves and how they make their choices that they can make. The study is open to a wide spectrum of readers belonging to developmental studies, economics and microfinance who are interested in understanding real life situations confronted by the poor in third world countries.Click here to read it!