In April 2022 Ten for Tamils lent ten women, 20000LKR [100 dollars]. They bought hoes, seeds and stakes.
They were given 2 months grace and then had ten months to pay back the loan at 2000 LKR [$10] per month. It was fully repaid on time.
Ten for Tamils has since conducted 3 other loans: Brinjal 2 [3000LKR], Gourd 1 [2000] which are all fully repaid and the current Chilli 1 [2000 LKR] which will be repaid in October.
Ten for Tamils loves the idea of the women doing farming and being able to support themselves. We are committed to expanding the “microfinance” model as it is sustainable and empowers the women, helping them to build businesses which strengthen their position in the community.