Ambedkar Microloans


Donors              :        2006 2007 2009 Disbursements : All   2006 2007 2009
Beneficiaries    : All   2006 2007 2009 Benef. Photos   :        2006 2007 2009
Functon Photos:        2006 2007 2009  
Media reports   :        2006 2007 2009


In any society with a gap between haves and have-nots is huge, have-nots suffer all sort of discrimination due to lack of having necessary means for a dignified life. The contrast is more glaring in India than any other country due to its historic and centuries old discrimination against a particular section of humanity - Dalits or untouchables, numbering more than 160 million. Majority of others, though not socially discriminated like Dalits, also struggle to live with dignity.

These marginalized sections, due to necessity, take small amounts of loans from the landlords and money lenders at astronomical rates of interest and become bonded laborers for the rest of their lives. By doing so they not only pledge themselves, but also their families for generations. They work harder than anybody else in the world, but still indebted to the moneylenders forever. Banks and other lenders are accessible to them for various reasons.


For them a loan of Rs.3,000 to Rs.10,000 (US $75 to $250) is more than enough to break the chains of this bondage. Though it is a very negligible amount per western standards, it makes a huge difference in the lives of these people. This small amount enable them to start a small business and give them independence from the thralldom of landlords and moneylenders.


There are many organizations working in this promising area of transforming lives. The success stories of Nobel Prize winner Mohammad Yunus, Kiva.org are a couple of examples.
 

We started Ambedkar Microloans project in 2006 with a seed money of Rs.10,000 on an experimental basis. Due to its success, demand, and 100% of repayment rate, we expanded it to 4 villages in Guntur District of Andhra Pradesh, a south Indian state. We provide loans ranging from Rs.3,000 to Rs.7,000 to start small businesses like vending vegetables, starting tea-shops, small grocery shops, to buy buffalos, to buy pulling carts to carry water, luggage etc. Our loans carry an interest rate of 12% per annum.
 

We primarily target people from Dalit background as we consider them to be the most discriminated and vulnerable of all. Still, we support all those approach us for help without any prejudice. Our volunteers living among them identify the beneficiaries and recommend them to us.

We are planning to expand it to many villages and regions as we are getting requests from several places.

If anyone is interested to help us in this project, we provide complete details of the project and how we operate. You may adopt a village to start this project.

Please write to me at Benjamin_kaila@yahoo.com for further information.