| |
| Banking as an Enterprise
|
| |
| Location |
Reddiarpatty , Kannivadi,
Tamil Nadu |
| |
|
| Geographical Map |
 |
| |
|
| The Group |
Kulumai Federation of SHG |
| |
|
Date of Loan Disbursement |
June 2003 |
| |
|
| Loan Amount |
Rs. 2,00,000 (Rs.60,000 from this
Bank) |
| |
|
| Activity |
Kulumai Federation consists of 104
Self Help Groups with 1560 members in the Kannivadi region.
Each SHG has got two representative in the Federation.
The Federation has a savings of Rs.1,00,000/- from the
contribution received from the groups. By taking interest-free
loan of Rs. 2,00,000/ they lent small amounts to the Groups
to meet their urgent domestic, personal and business requirements.'
Kulumai meets the banking needs of the groups at grassroot's
level. From the profits earned they were able to repay
the loan and meet the working expenses of the Federation.
|
| |
|
| Status |
Loan amount fully repaid. |
| |
|
|
|
| Gem cutting |
| |
| Location |
Thiruvaiyaru, Tanjore,
Tamil Nadu |
| |
|
| Geographical Map |
|
| |
|
| The Group |
Malligai SHG |
| |
|
Date of Loan Disbursement |
December 2005 |
| |
|
| Loan Amount |
Rs. 42500 |
| |
|
| Activity |
The groups were formed Kaudasi, a
reputed NGO working in Thanjavur on formation of SHGs
and linking them with Banks. The groups are 2 years old
and have regular saving habits and are homogenous. The
SHG has started Gem cutting units. Gem cutting is traditional
cottage industriy which has been a source of income and
employment for people of Thanjavur and Trichy District.
Both the groups have been in this business and have considerable
experience. This loan would help them to purchase cutting
and polishing machine, which will lead to employment and
income to other members of the group. They work on job
orders. The get gems in bulk from jewelers and merchants
cut them in different shape and polish them with help
of machines. The are being paid on piece rate by the merchants.
More they work more the income. This will help the group
members earn additional income .
Sustainable Self Help Group norms:
1. Technology – The group is already in business and has
the necessary skill.
2. Market – Both income generating activity do not have
marketing problem as they are working on job orders.
3. Management – VKC MSSRF will provide continuous facilitation
by providing need-based capacity building training programmes.
This enterprise is providing an income earning opportunity
for the group members; this income helped them in improving
their economic status and in providing their children
with better nutritious food, education and housing.The
group is able to repay the loan installment regularly.
|
|
| |
| |
|