INCOME GENERATION THROUGH MICRO CREDIT PROGRAMME
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Our Micro Finance activities are mainly credit linkages to the SHgs with banks, and business correspondence model. SEEDS ventured into giving micro credit directly to the needy entrepreneurs in SHGs.
Micro Assistance involves extending small loans, savings and other basic financial services to people . it’s a key strategy in helping people living in poverty to become financial independent, which helps them become more resilient and better able to provide their families in times of economic difficulty. Micro finance helps in promoting self employment opportunities, which has a beneficial impact on the local economy also. SEEDS provide micro credit assistance with the help of Rashtriya Mahila Kosh, South Indian Bank and ICICI Bank (as Business Correspondent Model) |
Antenna Trust, Madurai
(October 2010 to Jan 2014) Total loans given: 1,44,26,000/- No. of SHGs: 229 No. of members: 2696 Loan outstanding- Nil |
SEEDS Antenna MCP
(Jul 2011 – Jan 2014) Total loans given: 1,30,95,000/- No. of SHGs: 186 No. of members: 2193 Loan outstanding- Nil |
HDFC – Business Correspondent Model
(Jul 2007 – 2013) Total loans given: 3,77,00,000/- No. of SHGs: 280 No. of members: 3650 Loan outstanding- Nil |
South Indian Bank, Aruppukottai as on 31/3/2015
Total loans given: Rs.50,00,000 No. of SHGs: 34 No. of members: 418 Loan outstanding- Rs. 28,60,403/- |
Rashtriya Mahila Kosh(RMK), New Delhi , as on 31/3/2015.
Total loans given: Rs. 20,00,000/- No. of SHGs: 17 No. of members: 45 Loan outstanding- Rs. 6,36,000/- |
ICICI - Business Correspondent Model as on 31/3/2015
Total Loans given : Rs.297,00,000/- No of SHGs : 178 No of Members : 2136 Loan outstanding : Rs.91,87,064/- |