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  project name ~ Kondh MicroCredit - Year II

category ~ Microcredit

 
       

  

     

  Project Name

 

Kondh MicroCredit - Year II

  NGO

 

Nisarga Trust

  Category

 

Microcredit

  District

 

Vishakapatnam

  State

 

Andhra Pradesh

  Budget Approved

 

Rs 150500

 

  Year Approved

 

2006

 

 
 
 
 
 

  Photographs

 

  Chapter Coordinators

 

 

Bay Area

 

  Caption

 

 

 

  Summary

 

 

Nisarga has been a partner with Bay Area for some time now. AID Bay area has supported the schools in Kondh. In order to improve the overall condition of the Kondh tribes, it is important to also consider their economic issues.

The Kondh tribals are subjected to exploitation from local money lenders

* High rates of interest
* Repayment in kind
* Wrong measurement/weighing
* Money Lenders dictate price
* Make most of the profits
* Need a micro-credit to resolve the problem.

This is the second year of funding for the microcredit. Last years microcredit work was completed in a timely manner and most of the loans provided were retrived on time. The attempt is to provide more funding for the farmers this year.

 
 

  Achievements

 

 

The microcredit was very successul last year and hence a repeat funding for second year has been approved. The information about the funding last year is available here - http://www.aidprojects.org/projects-view.asp?login=&id=391&all=0&myprj=1&stxt=&sgrp=

 

  Goals

 

 

1. Access to affordable credit for the Kondhs which is currently unavailable to them 2. Decresed dependence of the community on local money lenders

 
 

  


 
 
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