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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

Anonymous

28/11/2021

Amount Donated
$5,975.00
SS

Swati Shukla

26/11/2021

Amount Donated
$30.00
Anonymous User

Anonymous

19/09/2021

Amount Donated
$50.00
Anonymous User

Anonymous

03/08/2021

Amount Donated
$500.00
Anonymous User

Anonymous

28/07/2021

Amount Donated
$100.00
Anonymous User

Anonymous

23/07/2021

Amount Donated
$150.00
Anonymous User

Anonymous

25/06/2021

Amount Donated
$1,500.00
RR

Rajamuthiah Ratnarajah

23/06/2021

Great job

Amount Donated
$50.00
SS

Sinthu Sri Ganeshwaran

20/06/2021

Amount Donated
$100.00
Anonymous User

Anonymous

18/06/2021

Amount Donated
$50.00
AS

Ara Shivanath

15/06/2021

Amount Donated
$100.00
Anonymous User

Anonymous

16/04/2021

Amount Donated
$25.00

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