spacer Thenkarai Food Security Program: Small Business Ventures of Women

Written by Dr. Dhyanchand Carr
November 1, 2011

A few women who had no possibility of looking after a cow, took to small business ventures using their cooking skills and tailoring skills. They run shops, offering snacks or rice… commonly eaten by those who cannot frequent restaurants… and have benefited considerably.            

The most successful story of women in business is the Credit Society.  75 women all designated as below the government’s poverty level, each paid a starting membership fee of Rs 500 of which 200 was paid to their personal savings account and 50 rupees was taken as subscription to defray admin expenses…and the Rs 250 left was added to the equity capital.  The loan repayment period was set as 10 months and they paid 10% in addition through monthly installments of 550 every month and in addition Rs. 50 into their personal savings account as if the society was their bankers.  One of the women relates that since she became a member and started investing the loan buying and selling sarees, she has been able to support a daughter in college as a residential student. 



 
Contact Information
James Vijayakumar
Area Executive
Southern Asia
700 Prospect Ave.
Cleveland,Ohio 44115
216-736-3228
866-822-8224 ext. 3228
Fax: 216-736-3203
vijayj@ucc.org

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