countries, large numbers of people participate in the informal sector of the
economy, running small farms, teashops and vegetable stands.
Micro-credit has been a successful intervention strategy, enabling many
people to generate a sustainable income. MASARD
understands the importance of providing an accessible source of credit for
people wishing to support themselves through small-scale businesses.
Thus, MASARD is currently engaged in several micro-credit projects.
Ecolight is a
project developed by MASARD that helps street vendors run successful businesses.
MASARD has taken out a loan to buy 100 solar powered rechargeable lamps
and distributed them to vendors in
. MASARD ensures that the lamps are
charged every day, serviced and distributed to the vendors on time for the start
remit Rs. 15 per day for the use of the lamps.
Part of this fee is used to repay the loan raised by MASARD from the
bank. The remaining amount is put
towards the maintenance of the orphanage at Ashanilaya.
currently helping a small group of vendors and MASARD hopes to expand the
project in the near future.
In addition to
the street vendors, MASARD also helps communities of women in villages in
Bagolur and surrounding villages establish small-scale enterprises, such as
basket making and soap making, through the provision of solar powered lamps.