What we have achieved so far:
❖ 425 SHGs have been formed and linked with ICICI as a result of this 5100 SHG members have benefited through SHGs. Respectively 150 SHGs are nurtured, 160 Clusters have been built, 1 Federation have been built, 720 members engaged in regular saving in a year, 1920 members have been borrowing in a year, Rs. 10368000/- is the total saving for one year, Rs. 48000000/- is the total borrowing amount for one year, 15% is an interest rate and 95% is a repayment rate.
❖ “KANDHU VATTI” – this is the most familiar word among the villagers and they have been fear and shiver of. This Kandhu vatti system is about the Private money lenders who lend the money with high interest to the poor villages and they will collect it back arrogantly. Now, this system is stopped in the villages where we are working for decades; because of the Bank loans availed to the SHG Members by the intervention of Vizhuthugal.
❖ The SHG members have obtained good knowledge on accessing banks, Applying for loans and calculating interest, minutes writing, Report making, organizing SHG meetings.
❖ Vizhuthugal has been providing development training to the SHG members once in every month.
