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Targetting the problems of hunger, disease and oppression that sadden their lives...
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  project name ~ BSS

category ~ microcredit

 
       

  

     

  Project Name

 

BSS

  NGO

 

BSS (Bharatha Swamukti Samsthe)

  Category

 

microcredit

  District

 

Bangalore

  State

 

Karnataka

  Budget Approved

 

$ 2000

 

  Year Approved

 

2004

 

 
 
 
 
 

  Photographs

 

1   2   3   4   5   6   7   8   9   10  

  Chapter Coordinators

 

Dhanya Devarajan

 

Troy

 

  Caption

 

 

One of the BSS meetings at Kunigal, near Bangalore

 

  Summary

 

 

The BSS approach to microcredit is modeled after the Grameen Bank system of Bangladesh and has been adapted for Indian conditions (e.g., Grameen staff uses bicycles; in India, mopeds or motor cycles are more convenient because of longer distances). Each microcredit group, comprised of 5 women, has to wait 6 weeks before 2 women from the group are eligible for loans and 6 more weeks before two others are eligible. 100% repayment is required and each group must pay each week by having the entire group accountable, all members of the group ensure that others in their group behave responsibly and this is a hallmark of the BSS system. BSS takes great pains to ensure that its accounts are rigorously maintained on Excel spreadsheets and updated every week religiously. BSS currently has are 18 paid employees (4 in the head office and 14 field workers) who receive competitive wages. Dr. Bellamakonda takes no salary and supports himself independently. Most of the funds for operations are borrowed. Approximately 20% of the funds are from grants and donations

 
 

  Achievements

 

 

1) 100% repayment is claimed 2) Number of borrowers has increased from 108 in 2000 to 1608 in 2002

 

  Goals

 

 

Offer microcredit loans to the economically weaker sections in the rural areas

 
 

  


 
 
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