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Investing in people to create measurable and enduring economic improvement is one of Rotary’s six Areas of Focus.

Boosting economic empowerment of poor women

Create a micro credit fund, provide loans, develop entrepreneurial skils of the beneficiaries

Beneficiaries of this project: members of Self Help Groups in the slums of Chennai in India from all religious backgrounds living in very poor communities.The aim is to provide 400 micro credit loans per annum for eligible women and who want to start or expand their small business or Income Generating Activity. The micro finance "product" is transparant and the cost of the loan is low.The women receive intensive training and guidance (by experts but also through Peer to Peer reviews) to develop their entrepreneurial skils, and professionalize their business (do formal (internet) banking, working with supplier contracts, etc) and maximize their success rate in terms of an increased family income. The NGO's involved upgrade their capacity through a training and guiding programme for their Field Workers. After the completion of the project the fund will be continued as a self revolving fund that is to be used indefinitely for micro finance purposes for the same target group.

Project location
India
Project dates
Start: 01 August 2016
End:  30 June 2018
Created: 05 July 2016
Project category
Community, Community economic development
Funding
Project contacts
Richard Naald van der, Geleen| (contact)
Muthukrishnan Govindaraja, Chennai Galaxy| (contact)
Partners
Chennai Galaxy, Tamil Nadu, India (Rotary Club)
Geleen, Netherlands (Rotary Club)
Mönchengladbach-Niers, Germany (Rotary Club)
Maaseik, Limb., Belgium (Rotary Club)
Related Links
 

PROJECT PHOTOS AND VIDEOS

  • Uploaded by
    Richard Naald van der
    Micro Credit Needs assessment among SHG
  • Uploaded by
    Richard Naald van der
    Kurinji: 6 women, 3 different backgrounds: one ambition
  • Uploaded by
    Richard Naald van der
    Self Help Group Basinbridge, Chennai

Engagement Tracker

Total volunteer hours
2,284
Hours
Number of volunteers
66
People
Total cash contributions
44,250
USD
Total in-kind contributions
5,600
USD

Tags

Economic empowermentMicro enterpriseIncome Generating ActivityMicro FinanceSelf revolving fundChennai, Tamil Naduslum dwellersIGASelf Help Groups