SRINIVASA MICRO CREDIT FOUNDATION is a registered & licensed as Non-Profit Making Company under section 8 of the Companies Act, 2013. Till now, we have helped near about 1000 families by providing financial aids and distributed funds more than INR 80 Lakh through us & with our different partners to the some needy families across Maharashtra, Gujarat & Karnataka.
We promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses; also it is a way for poor to manage their finances more effectively and take advantage of economic opportunities while managing the risks.
We empower women and giving parents the ability to save money for their children’s education. We emphasis on female-oriented funding is the subject of controversy, as it is claimed that finance improves the status of women through an alleviation of poverty. It is argued that by providing women with initial capital, they will be able to support themselves independent of men, in a manner which would encourage sustainable growth of enterprise and eventual self-sufficiency.
Moreover, the attraction of women as a potential investment base is precisely because they are constrained by socio-cultural norms regarding such concepts of obedience, familial duty, household maintenance and passivity. The result of these norms is that while micro-funding may enable women to improve their daily subsistence to a more steady pace.
Micro-funding produces many benefits for poverty stricken and low-income households. One of the benefits is that it is very accessible. Banks today simply won’t extend loans to those with little to no assets. Micro-funding is based on the philosophy that even small amounts of funds can help end the cycle of poverty. Another benefit produced from the micro-funding initiative is that it presents opportunities, such as extending education and jobs. Families receiving micro-funding are less likely to pull their children out of school for economic reasons. As well, in relation to employment, people are more likely to open small businesses that will aid the creation of new jobs. Overall, the benefits outline that the micro-funding initiative is set out to improve the standard of living amongst impoverished communities
We provide micro funds to poor entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery to such people are: (1) relationship-based organization for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for funds and other services as a group.
We support and cover several types of needs:
Disasters: such as campfires, floods & cyclones.
Lifecycle Needs: such as sickness, injury, unemployment, death, funerals, childbirth, education, widowhood and old age.
There are near 2500 members in our organization. Nowadays suffering from huge loss of income. All works are closed due to Covid-19. Need funds for day to day survival, restarting their small business, etc. Huge loss of income due to uncertainty Covid -19 facing by nation. These members are mostly from Maharashtra, Gujarat and Karnataka state.
Required Funds - INR 50,00,000/-
No. of Poor Families to be covered - 2500
One Family - Minimum INR 2000/-
Kindly do the needful.