By Katherine Zavala | Coordinator of Programs
A total of 294 group members of SATU have received 1 or 2 microcredit loans in this past year. With support of IDEX, SATU provided microcredit to 130 members. Subsequently, 164 members received microcredit through the groups’ internal savings generation fund.
Of the 294 members, 267 members paid their loans in advance of the due date and requested second loans. As a result, a total of 561 microcredits or $25,264 was in circulation in this grant period.
Income generation activities included: • 152 microcredit loans given for vegetable cultivation • 104 microcredit loans to develop for small businesses – grocery shops, vegetable sales, tea stalls, bamboo basket selling, firewood sales • 86 microcredit loans for handicrafts – bamboo and cane work, pottery, mat confection • 67 microcredit loans for poultry-rearing • 103 microcredit loans to purchase rickshaw or rickshaw vans • 49 microcredit loans for sewing and tailoring businesses
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