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  project name ~ Kondh-microcredit-Year 4

category ~ Livelihood Generation

 
       

  

     

  Project Name

 

Kondh-microcredit-Year 4

  NGO

 

Nisarga Trust

  Category

 

Livelihood Generation

  District

 

Vizag

  State

 

Andhra Pradesh

  Budget Approved

 

Rs 126000

 

  Year Approved

 

2009

 

 
 
 
 
 

  Photographs

 

  Chapter Coordinators

 

 

Bay Area
Bay Area

 

  Caption

 

 

 

  Summary

 

 

This project provides affordable credit (since June 2005 at an interest rate of 24% p.a.) to the primitive Kondh tribals located in Vizag district, Andhra Pradesh. The objective is to offset the burden of money lender loans (local interest rates 75% p.a.) and provide leverage in marketing of agricultural produce. The credit co-op is run by the teacher at the local school (as opposed to the traditional Self Help Group model). The credit co-op has 206 members distributed across 10 villages and is currently self-sustaining (Loan repayment rates average 85%). The NGO involved is Nisarga Trust.

The current proposal is a funding request to
1] Expand the co-op to two more villages (where schools that have been recently set up are running well) and enroll additional members into the existing co-ops in the 10 villages with schools (Totally 93 new members)
2] Pay the co-op supervisor salary and other misc expenses




 
 

  Achievements

 

 

Please see proposal and presentation Also, more detail and Q&A posted on the wiki below: http://wiki.aidindia.org/bayarea/index.php/Kondh

 

  Goals

 

 

The goals of the project for this year are to maintain the efficient functioning of the co-operative as well as expand the co-op to 2 more villages and expand the co-op to new members in 9 of the villages where the co-op is cirrently working well

 
 

  


 
 
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