Microcredit Marvels: Empowering Women

Summary

To empower 50 women start or expand small businesses of their own by providing micro-credit loans or grants.

 Challenges

In the patriarchal society, men always take an upper hand and all the decision will be taken by them as men go for work and earn leaving his spouse at home. Women are not treated on par with men and treated as secondary citizen. With this situation the women are subjected to all forms of violence. The girl children in the community are not given equal opportunity like the boys in terms of providing food, education, health care and concern. Thereby keeping the girl children in a below status. The society makes women to be more dependent on men.

 Solution

Prime Trust took an initiative to bring a tangle change in the community by forming women groups in the rural and urban community and linking them with banks and assist them to get credit from the banks. The women are motivated and trained to start their own business so that they are financially independent.

Through this project, small grants or loans (free or low interest) to women pursuing small businesses of their own. The awarding of loans and grants will be based on established small businesses or clearly outlined new ideas. Prime Trust already has a fair trade store in Puducherry that sells products that are made by women from our self-help groups. These women have voiced their need for additional funding to expand their businesses.

 Long-Term Impact

With the continued support, women will become self-reliant and self-sustaining. It gives them the financial independence that they rightfully deserve. Additionally, there are added opportunities for employment. They are also able to meet other small business owners through our Akshaya store meetings. This ability to form networks with other women gives them access to support systems and safety nets that they otherwise would not have within their own families.

Resources

http://www.primetrust.org
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