By Fred Crowe | CEO
In recent years our policy has been to provide a loan for a project whether it is a toilet or college education or the acquisition of a milking cow. The advantage of this is that the money comes back and Is immediately reloaned. We have therefore built up substantial fund and every month we are live issuing new loans to new families. The interest we charge also ensures that the projects are self sustainable
We have already issued loans to 35 families to facilitate the installation of a toilet and water within their home. It's hard to believe but over 600 million people in India don't have access to a toilet. There are literally walking around in each other's excrement.
The loan we issue is for Rs.10,000 (about $160) .. This is repaid over 10 months with interest. Once the family show they have started the project, the government will provide them with the grant of Rs.15,000.
Toilets will make a huge difference to our families in terms of health and also safety as many women go out early in the morning into the fields to relieve themselves and run the risk of snakebites and other problems. Sanitation is so important.
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