| ID | : | 54 | | Bank Name | : | Dangela Klug Bank | | Loan Cycle | : | 1 | | Enterprises | : | Fish Vending & Multiple Enterprise | | SHG Name | : | Sri Kanaka Mahalakshmi SHG | | Location | : | Dindu Village, Kakinada, Andhra Pradesh | | Loan Distribution Date | : | June 2004 | Activity | : | Dangela Klug Bank was opened in the year 2004 and utilized to support to the group in Kakinada in the state of Andhra Pradesh. They belong to the fishing community and are dependent on the sea for their livelihood. Earlier they were dependent on mangroves for livelihood. They used to cut the mangroves and sell them to supplement their income. Now the people of these villages have come together to be a part of The Joint Mangrove Management Committee for conversing the mangroves. In order to enhance their livelihood opportunities to help them earn a regular income the members of the group have taken up various micro-enterprises such as fish vending, rice vending, milk vending vegetable vending etc. , These enterprises gives a regular source of income. | | Status | : | Repaid | | Group | : | Asia Initiatives |
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