The poor women are willing to work hard. But they lack the opportunities and money. A mere $ 100 loan will enable them to start an income generation activity that will break their cycle of poverty.
More than 250 million people in India live below poverty line. They are poor only because they are born to poor parents. As the Founder of SUEB what motivated me to promote Microfinance as a tool for development is the small size of the loan ($ 100). Just the amount spent on one dinner bill of an affluent person, can change the entire future of a poor woman and her family and set them on the path to eradicate their poverty.
On returning a loan a women is able to borrow a larger amount again each time. After borrowing three to four times to enlarge her micro enterprise, she is able to come out of poverty level and begin to experience better quality of life.
This project will enable a minimum of 1000 poor women to either start or enlarge income generation activities and come out of the clutches of poverty. The repaid loan amount will be lent to others. Thus a donation of $ 100 can help many more people.
"I was a young widow with no education or vocational skill. With a micro loan of $ 100 I set up a shop. Borrowed two more times to enlarge my business. Now me and my children are out of poverty." - Vasanthi, Beneficiary
Total Funding Received to Date: $1,870
This project is now in implementation and no longer available for funding.
Received funds will be used to accomplish concrete objectives as
indicated in the project's "Activities" section. Updates will be posted under the
"Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $1,870
The original project funding goal was $70,000.
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).
Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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