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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.
Community, Community economic development
01 August 2016
30 June 2018
Chennai Galaxy, Tamil Nadu, India (Rotary Club)Geleen, Netherlands (Rotary Club)Mönchengladbach-Niers, Germany (Rotary Club)Maaseik, Limb., Belgium (Rotary Club)
Richard Naald van der, Geleen | contactMuthukrishnan Govindaraja, Chennai Galaxy | contact
Economic empowermentMicro enterpriseIncome Generating ActivityMicro FinanceSelf revolving fundChennai, Tamil Naduslum dwellersIGASelf Help Groups