Bhagyamma Vadla in Chityala, Andhra Pradesh was able to get a small loan for buying water buffaloes. She is now able to get a steady income by selling milk.
Small loans for farmers in Theni, Ramanathapuram, Kancheepuram and Madurai districts of Tamil Nadu helped to build land and water assets.
- Rejuvenation of tanks and ponds in Theni district.
- Focus on fertiliser in Sirumaniyendal in Ramanathapuram district.
- Combined with life insurance for reducing risk and vulnerability of families.
- Microfinance groups used the common funds to immediately close tank breaches during flash floods in Madurai district.
- Savings have also improved. Six microfinance groups in Ponpadhirkoodam in Kancheepuram district have a total saving of Rs. 1.97 lakh.
Some of the microfinance lenders:
- SKS Microfinance: Has 507 microfinance branches in 14 states mainly in Andhra Pradesh, Karnataka, Maharashtra, Orissa, Madhya Pradesh. Loans for a range of income-generating activities, including livestock, agriculture, trade (such as vegetable vending), production (from basket weaving to pottery) and new age businesses (beauty parlor to photography).
- SHARE Microfin Limited: Has 312 microfinance branches mainly in Andhra Pradesh, Chhattisgarh, Karnataka, Maharashtra and Madhya Pradesh.
- Gramin Koota: Has 44 microfinance branches mostly in Karnataka.
- SEWA Bank: Mainly in Gujarat.
- Spandana Charity Trust: Mainly in Andhra Pradesh.
- ICICI Bank, Canara Bank and other banks.
- In Tamil Nadu, you can contact Dhan Foundation for more details on microfinance options for water and agriculture. Dhan can be reached at 26280236 (Chennai) or 04522601673 (Madurai).
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