The SHGs of Kolli Hills are supplying millets to FOOD WORLD(chain of supermarket at chennai city) for almost a year. Nanbargal SHG is coordinating the supply by procuring the millets, transporting, cleaning and packing and delivering it to FOOD WORLD at Chennai. However, they receive payment from FOOD WORLD only after about 45 to 60 days. They need to pay for the product and services to the other SHGs who are doing different type of work as mentioned above. With funds flow being stuck for 45 days they are not able to effect the next supply on time to FOOD WORLD. The loan is given to bridge the working capital gap.The group is able to repay the loan installment regularly.
Banana
Cultivation
Location
Kottapady
Village, Wayanad, Kerala
Geographical
Map
The Group
Prathiba
SHG
Date
of Loan Disbursement
November
2003
Loan Amount
Rs. 25,000
Activity
The Group has started Banana cultivation by availing an interest-free loan to generate more income. It takes a year to cultivate and harvest Banana. The Group has taken land on lease and working together. After harvesting they were able to repay the loan in one installment and earn a sizeable income to augment their living standards.
Status
Loan
amount fully repaid
Dairy
Farming
Location
Puthoorvayal
Village, Wayanad, Kerala
Geographical
Map
The Group
Haritha
SHG
Date
of Loan Disbursement
November
2003
Loan Amount
Rs. 100000
(Rs34,000 from this bank)
Activity
The group has purchased 10 cows to start a household level Dairy. The cows on an average give 30 liters of milk per day. The milk is sold to the local Milk Co-operative Society. The group is able to generate an income of $210 per month. This enterprise has changed their living standard in terms of health, education for children and incoming earning opportunity.
