Madurai Slums and Madurai Microfinance help

Madurai Slums and Microfinance help

When researchers met with people living in slums in Madurai, during a research, people brought the sufferings that they faced with the private money lenders. With no hope to get small business loans from financial institutions, people living in slums that would like to start up small businesses had to turn to illegal lenders charging a hefty high monthly interest. Moreover, they are totally shut out from professional help on starting and running a small business. In order to let the lives of people living in slums to be self-sustainable, as well as to help parents in Madurai to earn enough income to send their children back to school, we will have to decide to start micro credit and micro finance programs in Madurai.

In general, the rate of repayment of the loans is expected to be 99%. Micro-credit can be provided to the community for carrying out the following activities:

1. Flower Vending
2. Tea Stall
3. Cloth Vending
4. Sugar Cane Juice
5. Grocery shop
6. Milk Vending
7. Tricycle
8. Vegetable Vending
9. Sewing Machine
10. Idly Shop
11. Bakery
12. Fancy Store
13. Bottle cap
14. Dry Fish
15. Petty Shop
16. Basket Making
17. Rice Grinding
18. Ironing
19. Goat rearing
20. Selling toys

If you are a self-sufficiently budgeted person, you could try this project?!