Category Archives: Microcredit

Still More Microcredit Stories: Education a Top Priority for These Mothers

Today’s stories come from the village of Ranamadu 6. Here, we meet T. Rukmanithevi, a single mother of three, who has tended her small rice paddy for more than 20 years. Her three children are now reaching university-age, and Ms. Rukmanithevi is determined they continue to receive the best education they possibly can. To support them, she needs to expand her business and increase her income. She applied for and received two loans from Rose Microcredit, with which she purchased an additional plot of paddy land. She now has four acres of land for rice production, which has led to a big increase in her monthly income, allowing her to begin saving for her children’s university careers.

K. Ranjithamalar is also from Ranamadu 6 and runs a small rice paddy and home garden. With loans from Rose Microcredit she was able to invest in top-quality seed and fertilizers that have effectively doubled her yield of rice. She and her husband have begun to save their extra income in hopes of buying more space for their home garden. Ms. Ranjithamalar’s dream is for her four young children to receive a proper education and to make the most of any opportunities their dedication and hard work may bring them.

Rose Charities commends these mothers for the value they place on their children’s education. We will do our best to support them, as they in turn support their children!

More Microcredit Success Stories

Today we have two stories of successful young entrepreneurs from the village of Veppayadi.

Our first is Ms. R.  Vijitha, who runs two seasonal businesses out of her home and has greatly benefitted from microcredit loans from Rose Charities. In the dry season, Ms. Vijitha works as a seamstress and dressmaker, while in the wet season, runs a small vegetable garden. Before receiving assistance from Rose Microcredit, the combined income from these two businesses was about 5,000Rs per month. Her small garden plot provided enough fresh produce for the family to eat, while money earned from sewing was enough to add rice, eggs and meat to the family’s table. This was purely subsistence living. There was no real possibility of saving, and there was nothing to fall back on should a crop fail. Ms. Vijitha received three loans from Rose Microcredit of 20,000, 30,000 and 40,000Rs, respectively. With this money, she was able to purchase a larger plot for her garden and quickly began producing a wider variety and greater number of vegetables that could be sold at market. She also used some of the money to give her dressmaking business a kickstart by purchasing better equipment and fabrics. In short order, the family’s income tripled to 15,000Rs per month. Vijitha can begin to put the extra money into savings, which finally brings some financial security for the family, and propels her towards her future goal of opening her own grocery store and dressmaking shop.

In the same village, we find K. Nalini, a wife and mother of three. Ms. Nalini has run a small cattle farm and vegetable garden for the last 5 years. Until this year, the farm yielded only enough milk and vegetables to feed her family. Again, there was no possibility of saving money and thus no safety net should disaster strike. With two loans from Rose, the first, a trial loan of 30,000Rs, followed by a second more substantial loan of 200,000Rs, Ms. Nalini was able to buy two more cows and begin producing enough milk to sell. She also expanded her garden, adding long beans, eggplants and squash, all of which she could sell at market. She’s now producing enough income to feed her family and pay back her loans, with still plenty to put away as savings. For Ms. Nalini, this injection of capital has been enough to set her on a stable financial course. She has no need or desire to borrow any further. Her focus now is on saving, making smart financial decisions, and building towards a prosperous future.

Microcredit Success Stories

We at Rose Sri Lanka would like to take an opportunity to share with you some stories of the successes that small business owners have had this year as a result of microcredit loans from Rose Charities.

Our first success story comes from the village Thumbankerni, where Suthakaran Ajantha, a local grocer, has set up a small shop to sell fresh produce and household goods. Intially, Ajantha and her husband invested 20,000Rs of their own savings to pay for shop space and stock. This provided a modest income of 1,500Rs per week, which, between keeping the shelves stocked and putting food on the family’s table, was simply not enough. Ajantha decided to apply to Rose Charities for a microcredit loan. From Rose, she received two loan installments; a first one of 25,000Rs and later a second loan of 50,000Rs.. With her loans, Ajantha and her husband have been able to expand their shop space and fill the shelves with a wide range of merchandise. In addition, they have now gained access to wholesale goods from the Rose Charities Community Shop. Previously, Ajantha had to undertake long bus trips to Kalmunai or Batticaloa in order to buy stock at wholesale prices. This kept her away from the shop and away from her husband and children for hours each week. Now she can keep her store well-stocked from right in her own community at even cheaper prices than the big Batticaloa wholesalers. Income quickly rose from 1,500Rs to 5,000Rs per week and has remained there. This is great news for the family as it allows them enough keep the shop running, repay their loans on time, and perhaps most importantly, it allows Ajantha to spend time working and playing with her three school-aged children.


There are more stories to come, so stay tuned!

Sonia and Amanda – Rose Sri Lanka Volunteer Update

On our first day in Kalmunai, Anthony took us to the village of Malwatha where we saw a preschool class in progress. We were greeted with many good mornings from the children who were dressed neatly in their uniforms and Rose Charities ties. Next door, the mothers of the children were also in school, learning their own trade involving design and sewing. The preschool gives many of these young mothers the opportunity to not only educate their children but to develop useful skills. The most significant impact of this program is the importance of education which is instilled in both mothers and children.

English Classes

We’ve started a combination of traditional English classes and computer classes with the Rose staff. A class in the morning with all of the staff is delivered in the classroom.  We then have two separate computer classes with groups of 6-7 in the afternoon using the Knowledge One program. So far, we’ve covered material on phone and email etiquette, practicing phone conversations and reading out loud in class. It took a couple days to determine which staff members were intermediate and which were beginners.  One thing is for sure, despite the varying levels, ALL of the staff here are extremely keen to learn and improve their English skills. Sonia has a hard time picking a volunteer in class because everyone puts their hand up! She is excited to teach such eager students. Amanda on the other hand has taken up Tamil; language exchange!

Women’s Micro-credit Meeting

On Wednesday afternoon we attended a monthly women’s micro-credit meeting. Some women wore turquoise saris, representing the village of Natpaddimunai while others wore pink saris, representing the villages of Pandiruppu, Neelavanai and Veeracholai. The sari colors act as a unifying symbol among women of the same village, creating a large support system . At the meeting the women discussed issues around their loans and made loan payments. Many women were eager to apply for a bank loan and used the meeting to find others that were willing to co-sign with them. It was interesting to see women from different areas, who normally would not meet, band together in order to achieve economic independence.

We met a long time successful loan recipient that ran her own fishing business. With the loans she was able to slowly build up her capital and buy a boat and large fishing nets. Unfortunately, her boat and fishing nets were lost in the recent floods, however that didn’t seem to diminish her strong entrepreneurial spirit.

We also met a woman in her early twenties who had enrolled in a sewing class through Rose’s vocational training program. After graduating, she successfully applied for a micro credit loan and bought a sewing machine to start her own business. She now has enough credit to apply for a private bank loan that will enable her to expand her business. Though she is young she is a leader within the women’s group.

On Thursday we attended another women’s microcredit group in Annamalai district. Here, we saw a preschool that was initiated and built by the local women’s group in order to provide their children with a preschool education. We found that this group had similar concerns to the women in Natpaddimunai, creating groups of ten in order to apply for loans. Additionally, the women talked about their concern for their children’s education as their local school was short teachers. One woman volunteered to go and speak to the principal about their collective concerns.

Our first few days in Kalmunai have been very rewarding, we are so impressed at how much Rose is embedded in the community and how micro credit is the driving force of the organization. Most of the women who receive loans from micro credit have children involved in RCSL’s preschool, primary and secondary educational enrichment programs. As a result, these meetings are a place for women to come and not only talk about loans and their business, but also the needs of their children and families.

We are looking forward the girls’ sports meet on April 11th and will update you on all of the fun activities. Sonia is planning to play her first cricket game!