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.
Putta Anuradha from the Musthyalapalli village of the Warangal district of Telangana is a widow and lives with her two teenaged daughters who are in school. Anuradha lost her husband a few years back and was a victim of severe drought which resulted in mounting loans. She managed to take care of the affairs of her family through jobs as an agricultural labourer. With the increased cost of domestic expenses, she wants to start a cloth business which involves getting readymade clothes, sarees and dress materials from the wholesale market and sell it to the locals at a profit. She has enough space in her home where she can stock her clothes. She plans to either do a door to door sale or sell her clothes stocked at her home.
To make this possible she has requested a financial assistance of Rs. 25000/- to buy her stock from the Warangal market. Kindly come forward to help this hardworking lady with your generous contribution which will pave the way to start her cloth business which will eventually help her earn a decent amount every month.
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.