Kolkata is the capital of West Bengal. Kolkata has many suburbs around the main city where everyone struggles to survive. Those areas are known mainly for their skills in weaving saris which is famous across India, weaving saris, knitting, pottery, fish farming etc.
The households consist of five members on an average. The women are typically engaged in the small businesses their husbands run which include small tea shops, grocery stores, bidi-making enterprises etc. The average household sees earnings not more than $88-$94 every month. Children go to school in nearby government schools for which they travel long distances. Due to financial constraints or the pressure of domestic chores, a lot of these students drop out. Regardless of all their problems, the community remains vibrant and has a strong sense of brotherhood.
With this loan around 100 women are able to achieve an improved position in the economy, by expanding their businesses.
The local partner, STEP along with the partnership with Milaap will provide the loan, which has to be repaid in 24 months.