| ID | : | 95 | | Bank Name | : | Fosa 1 -20 Banks | | Loan Cycle | : | 3 | | Enterprises | : | Multiple Enterprises | | SHG Name | : | Self Help Group members of Joint Mangrove Management Committee | | Location | : | Kakinada ,Andhra Pradesh | | Loan Distribution Date | : | July 2010 | Activity | : | In the year 2010 FOSA 1- 20 Bank extended the support to Joint Mangrove Management Committee is a village level institution consists of 21 women self Help group members formed with the help of MSSRF to protect and restore the eroding of mangroves. Sri devi SHG basically belongs to fishing community. They earn their livelihood as fish/dry fish vending, Rice/milk/coconut trading. They take small loans from banks to meet regular household emergency expenses. They do not have access to credit facilities, to invest in Income generating activities. The groups had availed interest free loan from FOSA BANKS to enhance their retail business in fish/dry fish vending, Rice/milk/coconut trading. This additional income helps them in improving their economic status and in providing their children with better nutritious food, education and housing. The group has been repaying the loan installment regularly | | Status | : | Progress | | Group | : | FoSA |
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