Empowering Widows Through Microfinance

Ms. Elizabeth YostApril 24, 2010

Sri Lankan Program Sites

What is Microfinance? Business Training- Differentiate, Accounting Loan- Fee, Operationally Sustainable Launch Business Loan Expand Business- Add Products, Hire Others

Packing Nuts

YGRO-HEED Results Number of Active Clients- 780 429 Women Average Loan Size- $261= Rs 29,085 Loan Repayment Rate- 89% Number of Loans since Inception- 3071 Amount of Loans since Inception- $705,668 Rs 78,710,200

Empowering Widows in Jaffna

Purpose: Reaching widows through the special loan product in order to empower them in society.

Loan Value                          : Rs.25,000 (Max) Period of Repayment          : 12 months Service fee                          : 10% (Flat per year) Targeted area                      : Uduvil and Kopay Area

Repayment Type: Office once a month Repayment Rate: 78% (as of 10/31/09)

Widow Arul Rathy’s Background

Arul Rathy’s family displaced from Palai Lost her husband in 2000 Looked after her four children through

tailoring business 2007 kidney problems, advised not to sew Depressed at that time Most people reluctant to help

Rathy Rajendram Growth of Poultry Business

Loan Cycle Poultry Net Income

1st 25 Rs 8,000

3rd 50-80 Rs 20,000- 25,000

Widows program in Jaffna

Purpose: Reaching widows through the special loan product in order to empower them in society.

Arul Rathy- Rajendram Ref. No: J/ 09/Chu/R2/G6/ 27

NAME                      AGE                          OCCUPATION Juvendran                 19                                   Student Kubendran                18                                   Student Rajendini                  15                                    Student Rajendran                 11                                   Student

The Reasons For Her Success

1) Partnership with Local NGOs

2) Her entrepreneurship skills Very responsible and a keen worker Efficient client Maintains good records Socially minded Determined to bring her children to a higher level

of education.

Thanks

Staff Worker Uthayakumar whom God used to assist such people

Coordinator of the program J. Ramanan

YGRO Ltd. (Central Office) 14A, Costa Mawatha, Off Kadawatha Road,

Kalubowila, Sri Lanka