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Palmera
MENUMENU
  • Fund a Family
  • Donate to an Event
  • Why income
  • Our Programs
    • Our Programs
    • Where We Work
    • Impact
    • About us
  • Get involved
    • Give Monthly
    • Donate to a Project
    • Start a Fundraiser
  • DONATE NOW
  • DONATE NOW

Loan Fund for Women

Thank you to all our donors, we have met our fundraising goal!

 

HOW DOES THE FUND WORK?

The fund has been designed as a revolving loan fund. This means that once the initial loans are repaid, that money is then given out as new loans to allow more women to start new businesses.

Initially 24 families will receive a loan of Rs 30,000 (approx.. AUD$250) without interest. The project will provide loans for businesses such as tailoring, snack shops, and poultry and goat rearing.

SUSTAINABILITY

The revolving nature of the fund means it is self-sustaining, provided the loans are repaid. Loan repayments are within the capacity of the beneficiaries so they will be less likely to fall behind on a payment. In addition, Palmera will work to monitor the loan repayments and address any difficulties with repayment, if they arise.

ADDITIONAL BENEFITS

  • Women receiving the loans will build confidence and independence, relying less on aid.
  • The women can provide for their families, for instance, they can send their children to school.

BACKGROUND

The residents of Kuttiyapulam Village in Northeastern Sri Lanka were resettled into their villages and lack basic facilities. There are limited opportunities for earning an income. As a result, women-headed households are struggling to build a life.

The women in this village wish to do self employment activities such as small business, goat rearing, poultry and tailoring in their homes, as they do not want to go elsewhere for work. They want this revolving loan to earn an income for their families and build a life after years of just getting by.

100% funded
$10,000.00 raised of $10,000.00

Creating job opportunities by creating a loan fund for women who are starting new business ventures, with repayments redistributed as new loans.

Thank you to all our donors, we have met our fundraising goal!

 

Anonymous User
AD

Anonymous

$5,975.00 28/11/2021
Anonymous User
SS

Swati Shukla

$30.00 26/11/2021
Anonymous User
AP

Anonymous

$50.00 19/09/2021
Anonymous User
UJ

Anonymous

$500.00 03/08/2021
Anonymous User
TP

Anonymous

$100.00 28/07/2021
Anonymous User
DN

Anonymous

$150.00 23/07/2021
Anonymous User
HT

Anonymous

$1,500.00 25/06/2021
Anonymous User
RR

Rajamuthiah Ratnarajah

$50.00 23/06/2021

Great job

Anonymous User
SS

Sinthu Sri Ganeshwaran

$100.00 20/06/2021
Anonymous User
AR

Anonymous

$50.00 18/06/2021
Anonymous User
AS

Ara Shivanath

$100.00 15/06/2021
Anonymous User
VA

Anonymous

$25.00 16/04/2021

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