VOLUNTEERS OF AMERICA OF LOS ANGELES

SRI LANKA RELIEF FUND

 APRIL 2007 OPERATIONS PHOTOS

 

MICRO-CREDIT LOANS

 

We had the opportunity to meet with the first group of women who received loans from the micro-credit program that we are funding and were able to hear how these loans have improved their livelihood. We also provided them with small gifts and well wishes.

The loans help these women living in the Tangalle area enhance the income of their families and provide them with the means to move in the direction of becoming self-sufficient.  As these women repay their loans, additional women will receive new loans and additional families will benefit from this program.  Loans are initially in the amount of 5,000 Sri Lankan Rupees (approximately $50 US) and are to be repaid in monthly payments over a two year period.  No interest is being charged on these loans.  This program, similar to micro-credit programs in other countries, should prove to be very successful at providing long-term assistance to a significant number of tsunami affected families.

 


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This page was last updated on:  August 24, 2007

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