MED Projects in India
Providing economic empowerment to the entrepreneurial poor in India
- Percent Funded 35.3% 35.3%
Recieved: $10, 600
Balance Needed: $19, 400
This self-sustainable Economic Empowerment project targets 200 of India’s poorest women who have the desire to help themselves break the cycle of poverty but lack the start-up capital to run their own small business.
Women are selected, trained and supported through regular centre meetings. The provision of a small once off loan enables the women to work, earn a constant income, provide for the needs of their household, establish savings and brings hope for entire families.
The project will create 20 Self Help Trust Groups, consisting of 10 women per group.
Poverty is widespread in India, with the nation estimated to have a third of the world’s poor. More than 37% of India’s population of 1.15 billion still lives below the poverty line.
The poverty and employment statistics below highlight the overall problem:
- Estimation of the poor, 430 million Indians
- 75% of them live in the rural areas
- In rural areas, poverty is associated with those in the lowest castes and indigenous tribes. The lowest castes, while a minority of the total rural population, account for as much as 80% of the rural poor
- More than 40 per cent of the population is illiterate, with women, tribal and scheduled castes particularly affected by poverty.
– WHO & Unicef report 2010
Poverty has many expressions, the most obvious being a lack of finances. One of the most effective means of combating poverty is through the provision of economic empowerment opportunities to individuals and communities.
In this place women have two options – risk great debt and harm to their family by borrowing money from ‘loan sharks’, or to stay poor.
A budget of $8,250 creates 1 Centre which allows adequate selection, training, follow up and management of loans for 50 women/families. – Fully Funded – 88 recycle loans, impact 438 lives
By partnering with us you become part of the solution. Here are some options for you to consider.
Option 1. Will enable 1 woman to start her own small business
- One-time Contribution $165
- Monthly Contribution $14
Option 2. Will establish 1 Group (10 women) *Impact approx 90 lives
- One-time Contribution $1,650
- Monthly Contribution $138
Option 3. Will establish 1 Centre (5 Groups / 50 women) *Impact approx 440 lives
- One-time Contribution $8,250
- Monthly Contribution $688
Option 4. Will establish 1 Region (4 Centres / 200 women) *Impact approx 1,750 lives
- One-time Contribution $33,000
- Monthly Contribution $2,750
Impact / Life Change
- 200 women will be able to establish their own small business
- Touch approximately 1,750 lives
- Provide training and coaching that will empower the women to run a viable small business and enable the community to reduce poverty
- Create a financial sustainability that positions her to provide for the basic needs of her family and offers an opportunity for the children to go to school and receive an education
- The participants will gain self-worth and live dignified lives
- Improving lives and strengthening communities
- Provide opportunity for women to escape systemic poverty
- This solution is aligned to help achieve 3 Sustainable Development Goals
Goal 1: End poverty in all its forms everywhere
Goal 5: Achieve gender equality and empower all women and girls
Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
These women are breaking generation cycles of poverty. Success for our women means they will be able to provide food (at least 2 nutritious meals a day), education, clothing, shelter and access healthcare for their families.