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Micro-Loans KIRF INDIA provides micro-credit loans, small business training and networking to hard-working rural Dalit men and women to help them escape the viscious cycle of generational poverty. With an income of their own making they can provide a better life and future for their children. Micro-loans are low-interest loans made within a cooperative of usually 10-12 people who live in the same village. The funds are kept safe in a joint bank account with each withdrawal and deposit noted. Since some of the cooperative's members are illiterate their identity is validated through a thumb print in addition to their name or signature. Long-standing familial and social ties ensure that each loan and interest payment is paid back. The interest income is shared by the members of the cooperative. The loan's principle and it's low interest rate is paid back into the micro-loan's general fund for future use. The percentage of micro-loans that have been repaid back to each village's cooperative micro-loan fund has been, to date, 100%. Micro-Loans for Women Since many Dalit men must leave their villages for long stretches of time to find work as migrant workers, the women are left behind to provide food and care for their families. Micro-loan programs* allow acutely poor Dalit women to borrow money to start small businesses that provide cash needed to buy food, clothing, medical care and pay school fees for their children. Micro-loans have allowed numerous women to start small businesses and become self-sufficient. Examples of life-changing women's entrepreneurship are many. For example: the purchase of a goat that has enabled a family to earn money from the sales of its goat milk--income that buys needed food, clothing and living supplies; the purchase of pigs and selling them for pork; the purchase of food items at wholesale and opening up a small roadside village market that not only provides income for the shopkeeper but a market within walking distance for rural villagers without transportation; the purchase of a bull for livestock breading and farming; purchase of supplies and creation of a small jewelry business; and purchasing seeds for crops that has enabled an income from farming.Micro-Loans for Men KIRF INDIA's micro credit is also available for the men, as in Gandian villages. KIRF INDIA endeavors to assist hard-working men who struggle to support their families so they may become self-sufficient, free of high-interest debts, and provide a better life and future for their children. For example, a micro-credit loan can enable an unemployed Dalit man, who is shut-out of local employment opportunities due to his lack of education and caste, to buy a rickshaw so he can support his family, and support the age old traditions of his culture. Funding for KIRF INDIA's micro credit program is provided by donor support through the non-profit organization Kirwin International Relief Foundation (KIRFaid.org) that is based in Ventura, CA. Home | Donate | | Privacy Policy | Site Map
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