Chinmaya Brijeshwari Self Help Group helped various women to become entrepreneurs by providing loans
CORD formed Chinmaya Brajeshwari Self Help Group with 20 women in Ward No. 2 of Halerakala Panchayat of Kangra Development Block of District Kangra to cater to the financial needs of the members to meet their domestic needs. The group has emerged as a boon for those who want loans for investment in various livelihood activities. CORD makes it compulsory for each SHG to start providing loans to the members from their savings from the very first meeting so that the member’s ability to take loans and make timely repayments is established as a discipline. Moreover, it teaches them the process well, along with proper bookkeeping. As a result of this inter-loaning system introduced at the first meeting, approximately Rs. 41,140 has been taken by members on inter-loaning from their savings, and members are investing this money in domestic needs as well as livelihood activities. The group has been given a loan from the bank twice with the help of CORD, the first loan being Rs 3,00,000 and the second loan being Rs 7,50,000. From this bank loan, Smt. Santosh Devi took Rs 50,000 and bought some carpenter’s equipment for her husband, and now she is earning 8000 rupees per month by increasing work, which was not much earlier. With this bank loan, another lady, Mrs. Neetu Devi, invested Rs. 150,000 in the sewing center, and now she is earning Rs. 10,000 per month from this center. With this, she is also training other women who want to earn money from sewing activities.
Another lady from this group, Smt. Rita Devi, took out Rs. 1,40,000 on loan, which she has invested to open a mobile repair center for her son, and now she is earning around Rs. 21,000 per month from this center. Another woman in this group, Smt. Kamala Devi, took Rs. 1,00,000 on loan, out of which she bought two mules for her husband, which they use to transport sand, brick, and other loads to earn. Transportation by vehicle is not available in the area. Hence, their business is doing well. And now she is earning about $15,000 per month from this work with her husband. Other women have also gotten inspiration from these entrepreneurs, and they want to start their own small livelihoods by meeting their financial needs through this group. The other women in the group have taken out loans to build toilets, educate their children further, repair their homes, plant seeds and saplings for their farmland for off-season vegetables, and pay the amounts required by the government to build livelihood assets such as ponds, goat, poultry, and cow sheds, etc. before the government reimburses them for the assets created under the MNREGA program during the pandemic.