In India, 86.8 million people live in poverty, which severely limits access to education and healthcare for children from marginalized families. With children under 18 making up 41% of the population, a significant 40% of these children face challenging circumstances, further entrenching the cycle of poverty. Additionally, women represent only 19% of the labor force, indicating a vast, untapped potential for income generation and economic development. Addressing these disparities is crucial for breaking the cycle of poverty and fostering inclusive growth.
How we are addressing the issue?
How we are addressing the issue?
Invest to Sustain, focuses on empowering women from disadvantaged backgrounds by providing them with the resources needed to start and grow their own businesses. By creating a revolving fund, you aim to uplift the socio-economic status of families with vulnerable children, enabling women to generate income and improve the well-being of their families. The project specifically targets various marginalized groups, including fisherfolk communities, slum dwellers, women in sex work, and those in industries like textiles, garments, and fireworks, as well as women in rural and tribal areas. With increased income, these women can invest in better healthcare and education for their children, ensuring a sustainable improvement in their quality of life.
HOW DO WE OPERATE?
The project is operational in states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala. TdH-NL has partnered with local NGOs to implement this project. The project began in 2007 where TdH-NL invested INR 36.44 million which was distributed among the 14 local partners. This later became 10 after internal transfers within the partner organisations.
Once the amount is disbursed among the women they invest in various income generation activities and return the loan with a marginal rate of interest.
The portfolio which was INR 36.44 million in 2007 stood at INR 100.15 million in December 2020.