The Reserve Bank of India has made it mandatory that the aggregate exposure by an investor across all Peer to Peer Lending Platforms should be less than or equal to Rs. 10,00,000 and the total exposure of a lender to a single borrower should be less than or equal to Rs. 50,000.
Mahalaxmi purchased a cow
with a microloan from MicroGraam. The loan was for Rs.20000.She is now able to save
Rs.3000 per month after her household expenses. Mahalaxmi sells 8-10 litres a day
at Rs.20 per litre. She ensures that the
cow is properly fed and is happy with her investment.
Aladagri (North Karnataka): The distance
between Kariyama's old cottage and her upcoming concrete house is not more than
four yards, but her shift is generational. Most of the population in this North
Karnataka village lives below poverty line (BPL), a bench mark set by
government of India to define people who have..
Meet Pooja Ambiga a bachelor in arts student who attends college in the days and in the evening stitches clothes. The income she earns from her evening job gives goes to her education. She is also trying to save some money to pursue higher education and dreams that one day she will end up working in a major city of Ind..
Maliga got a microloan of Rs.20000 to raise
goats.Goat rearing is a profitable
micro-enterprise. The goats need to be taken for grazing every day and it also
requires constant supervision. Goats need to be kept in a gated area and they
must stay in the shade during the day. After understanding all these details,
Budihal (Karnatka): Kariyppa says his age can be anywhere between 45-50 years. He has lived most of life in abject poverty and used to work as a daily wager on the fields with little income to support his family.Two years back MicroGraam enrolled Kariyppa and he was given his first loan through his daughter-in-law. Kar..
Rukamani has been blessed with 3 acres of land. She is 32-year-old and lives with her husband, and four children. <br>With her MicroGraam loan of INR 50,000, Rukamani bought implements to grow grapes on her land. Her first yield is almost ready now and she is positive that this sale is going to make a permanent an..
Ameena's loan of INR 50,000 has changed her life. From a housewife with no education, she is now an independent business owner selling bangles and readymade clothes at Arakkere, Vijayapura. <br>She generates a sustainable income for her family and is also educating her son to be an engineer. She is confident, she ..
Muttamal lost her husband a few years ago. Daily life dramatically changed for her after that. In her village Nadupatty, Tamil Nadu widows are not allowed out to be seen by others in the morning. It is a sign of bad luck for the day. Her social status changed overnight. She was ostracized by the people and her voice un..