Hope Integrated Rural Development Society
INACTIVE PARTNERSHIP
Location : Andhra Pradesh
Partner Since : 05-12-2008
Founder : Mr. Jayakumar
About Hope IRDS
Hope is a Kurnool based microfinance institution. Their mission is to reduce poverty and improve the quality life of the poor women in urban and rural areas of Andhra Pradesh through the provision of qualitative and responsive financial services in an innovative and sustainable way.
Geographical focus of Hope IRDS: The organization works with poor women of Yemmiganur and Mantralyam slums.
Field Updates View All
Hanumanthamma stocked up a variety of bangles by investing the loan amount. Selling an item in great demand especially from the women folk in the community, Hanumanthamma finds no trouble marketing her bangles. Her business is now well established and she is capable to going ahead without further assistance as most of her profit is now re invested in the trade.
Evaluated By : Srihari
/evaluation/microcredit/india/andhra-pradesh/hanumanthamma-raanganna/893
Manchalamma’s life was completely shattered by the floods that hit her village. Having lost all, she found it impossible to meet repayment schedules and is only now on the path of recovery. She had taken a loan from Rang De to buy more flowers as she sells garlands and floral strands at the entrance of a local temple. She used only a part of the money on flowers and the rest was eaten into by family needs.
Evaluated By : Srihari
/evaluation/microcredit/india/andhra-pradesh/t-manchalamma/1105Partnership Summary
| Total No. of Loans | 470 |
| Total amount disbursed | Rs.2,350,000 |
| Expected repayment so far | Rs.2,350,000 |
| Amount repaid | Rs.1,867,900 |
| Amount delayed | Rs.0 |
| Amount defaulted | Rs.482,100 |