Micro-Finance Income Generation Loans
Since January 2012 we have provided loans to over 2,000 mothers. In essence we provide a loan of Rs. 30,000. This is about €400. The loan is repaid at the rate of Rs.1,500 per month.
During the loan repayment, the mother can earn an income from the sale of milk and cow dung and also use some milk for family nutrition. By the end of the loan period the family will have a cow and probably two calves.
If a mother has difficulty with her monthly repayment, the other mothers in the group will assist to ensure that the group’s creditworthiness remains intact.
This programme commenced in 2012 as a response to the problems faced by Dalits in securing loans. Income generation loans were unavailable due to caste discrimination.
Nandri now provide income generation loans to mothers to purchase a cow. This serves as an additional asset to families who are agricultural labourers and find only seasonal work. Other mothers (usually those living in the slum areas of towns and cities) use their loans to start petty shops, tiffin (breakfast/snack) centres and sewing businesses.