Microcredit program for underprivileged women

Microcredit program for underprivileged womens

Local partner:

Resource Educational Society

Resource Educational Society (RES) is a non-profit organisation created in 1993. Its work is based on the strong conviction that education is the basic resource for the sustainable development of a society. In the beginning, RES simply offered evening classes, but gradually it widened the scope of its operations.

Context :

In the villages of Andhra Pradesh, being a fisherman is a very dangerous occupation. They are often injured or disabled, or they die as a consequence of their work, leaving their families in dire straights.

To support their families women are often forced to borrow money and, being unable to repay their debts, they need the additional income provided by their children’s labor to help them make ends meet.

The CCI microcredit program helps to increase and stabilise the income of women who are sometimes marginalized socially—still to this day—by Indian society. The program lends a small amount of money to women at no interest, which allows them to create or maintain small income-generating businesses without having to go into debt. However, this loan is subject to one condition: that they enrol their children in school.

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Photo credit : Kiran Ambwani / CCI

In 2007, CCI and RES launched this microcredit program in the community of Vizianagaram. It is an effective way to give poor women a source of income allowing them to eliminate their debts and develop financial independence. Microcredit is a loan granted to a person who does not have access to conventional bank credit.

This small sum very often contributes to radically changing the quality of life for these women. By guaranteeing access to education for their children and financial opportunities for families through microcredit, CCI and its local partner help break this cycle of debt and prevent it from lasting for generations on end.

Objectives :

  • Allow women to develop income-generating activities without having to go into debt.
  • Support these women in the creation and development of their businesses.
  • Increase the income of women and their families, thus giving access to education and health care for all.