Note: This a special category of livelihood loans that are being facilitated at 5% flat p.a. to the borrower. In order to keep the interest rate this low, the return to social investors has been reduced to 0% for this loan.
Thallapally Jyothi, a widow from Warangal district of Telangana, has been engaged in a farming activity to earn and support her family singlehandedly. Saikumar her only son, is pursuing his degree and within her limited income, she has been trying best to help him complete his graduation and be financially independent. She manages to earn about Rs. 35000/- annually from agriculture and to increase her income levels, she plans to start a small grocery store. She will sell basic condiments and some biscuits, grocery and some vegetables as well. This will help cater to the needs of her villagers on a daily basis.
She is in need of more money to manage the education expenses of her son so that he is able to complete his graduation as well. With the current income, she is not able to meet the needs. Hence, she has approached Rang De for a loan of Rs. 25000/-, to start a grocery store and with the help of the income earned she will set aside some money as savings and will be of great use for the benefit of her son and their future as well. Let us contribute towards her loan so that she is able to uplift her financial condition.
Rang De is working with its partner organisation, Sarvodaya Youth Organisation, in Warangal district to provide low interest loans to women whose husbands took their own life due to crop failure and mounting debts.