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Programs

Micro Credit

Micro Credit
ROSE - Antenna Micro Credit programme
Key Achievements
Challenges faced

Micro Credit:

ROSE provided micro credit for various income generating activities such as organic farming, specifically for production and marketing of vegetables, green leaves, banana leaves, grains, pulse, oilseeds, fodder, flowers and flower based products, community nursery, etc., livestock development and cattle management such as production and marketing of milking cows, goats, sheep, chickens, manure, vermicomposting, Coconut selling, Coconut leaf thatches making, vending of meat, fish and eatables, etc., running petty shops, grocery shops, cycle shops, tea stalls, morning and evening snack bars, bakery items and sweet making units, terracotta unit, tailoring, hallow block making unit, brick kiln industry, stone quarrying, selling clothes, fancy items, bags, utensils, dolls, pickles, papad making, cosmetics, etc., and educational loans and other domestic purposes like redemption of jewels and settling of old loans / debts, etc.

ROSE - Antenna Micro Credit programme:

Type of Loan given to the women

Purpose No. of women beneficiaries %
Production and marketing of vegetables, greens, banana leaves etc. 145 2.12
Production and marketing of grains, pulse, oilseeds, fodder etc. 805 11.79
Raising milch animals for milk products, manure production and marketing 2,947 43.17
Sheep and Goat rearing for meat products, manure production and marketing 1,354 19.83
Raising country and broiler chicken for meat products, manure production and marketing 321 4.70
Cycle shops, petty shops, tea stalls, morning and evening snack bars 247 3.62
Vending of meat, fish and eatables 354 5.19
Brick- making, stone quarrying etc. 45 .66
Growing and marketing of flowers and flower based products 18 .26
Selling clothes, fancy items, bags, utensils, dolls, pickles, papads, cosmetics, etc. 32 .47
Running grocery shops, small level restaurants. 77 1.13
Bakery items and sweet making units 65 .95
Loan for education 225 3.30
Other domestic purposes like redemption of jewels and settling of old loans/ debts 192 2.81
Total number of loans 6,827 100

Key Achievements:

  1. Women succeeded in preventing exploitation from nearly 12 rogue money lenders;
  2. Increased credibility in the community;
  3. Recognition of woman as farmer / entrepreneur by the family and the community;
  4. Enhanced role of women in the decision making process in 70% of families. In these families, women play major role in deciding the cropping pattern for the season;
  5. Improved quality of life of children, youth and women in families;
  6. Increased use of degraded farm lands / waste lands as cultivable lands;
  7. Improved productivity and increased income for women farmers from their 0.5 acre land when compared to the local rich and influential farmers who own more than 25 acres and women get better premium price in the public market for her produce;
  8. Women reclaimed her chemically degraded farmland that used to eat-up INR 5,000 worth of chemical inputs each season and yielded nothing tangible;
  9. Improved credit worthiness of women by mainstreaming them into major banking system in India and obtained loans for cultivation of small holdings of lands as marginal farmers and rearing of milch animals for income generation;
  10. 50% of girls (around 340 girls) reached education at college levels and one girls is studying M.Phil. It was not the case some five years back.
  11. Majority of women have successfully accessed various development and welfare schemes available with Unorganized Labourers Welfare Board.

Challenges faced:

  1. Difficulty in recovery of loans from non-agriculture women groups / urban-based women groups;
  2. Default in repayment of third loan availed within the loan period of ten months;
  3. Given the active participation and felt-need of two categories of women, unmarried and aged 58, the credit services play major role in shaping livelihood security. However, as per the norms of the project these two categories of women are completely closed. When they are pushed out in the mid-course it potentially leads towards unwanted group dynamics, frustration and conflict;
  4. The implementing organization, indeed realize a bare minimum administrative cost for services provided. Due to TDS deduction further this margin is minimized. Hence it poses financial constraints to the organization; and,
  5. When a woman from other village get married and join in the family in the village which is covered under the project, is by default not covered under the programme as her identity proof is still attached with her farther in the ancestral village. This seems to pose many hurdles for such candidates and is felt as discrimination.