Eradicate Poverty in 1000 poor Families in India

by SUEB

Summary

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.
$1,870
total raised
12
donors
0
monthly donors
7
years active

Challenge

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.

Solution

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.

Long-Term Impact

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.

Additional Documentation

This project has provided additional documentation in a Microsoft Word file (projdoc.doc).

Resources

http:/​/​www.suebmf.org

Organization Information

SUEB

Location: Thiruvannamalai District, Tamilnadu - India
Website: http:/​/​www.suebmf.org
Project Leader:
Priscilla Nirmalakumari
CEO
Thiruvanamalai District, Tamilnadu India

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
   

Still want to help?

Find another project in India or in Microfinance that needs your help.
Find a Project

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.