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Stories Of Impact

Institute of Rural Credit and Entrepreneurship Development

School Sanitation and Hygiene Project

School Sanitation and Hygiene Project

When IRCED conducted a Focused Group Discussions (FGD) in our
village and informed us about the advantages of having a modern toilet, we were totally mesmerized as we had never thought of a toilet along these lines.

IRCED provided us with construction material and credit for toilet building. Before 2015 only 50 percent of the population in our village had a modern toilet and now more than 90 percent does.

“Earlier we wanted to have a toilet but now we know why everyone should have a better toilet.”
Sunita Janardan Mote
SHG Member (Gram Panchayat Member), Gundewadi

Micro Finance Project

One small loan turned a family around

I had three children when my husband died; the major source of income stopped. I used to work as day labor but it wasn’t enough for meeting the household needs along with my children education. When IRCED gave us the credit, they encouraged us for investing the money in a fruitful area otherwise we would fall into debt. Presently, I am in the 9 th loan cycle; with the first loan in 2008 I bought a camera for my elder son and he started a small photo shop, later with the further credit in 2010 we decided to open a flour mill in my house itself and in 2012 with more credit we bought a machine to crush spices for selling in neighboring area. Presently, with the profits and credit from IRCED, my younger son has opened a sugarcane juice shop and we are making decent profits. Earlier, I could not even talk in front of people and now I am running three 3 micro-business.


“If there is anything closer to GOD then it is IRCED for my family.”
Sunanda Gurav
SHG Member, Shantiniketan area

Minority Women Empowerment Project

Feeling Truly Empowered

Since 2006 I have been into Saree business. We use to sell readymade women clothing from our house. Due to lack of credit, I could not meet the increasing demand of consumers for next 2 years. For small business ventures, traditional banks were refusing credit without collateral. In 2008, IRCED approached us and agreed to provide financial services only if we would invest the money in income generating activities. With access to financial services, I have increased the variety of products from women clothing to kids wear. With the profits and further credit, I bought a shop in 2013. I have started selling clothes on credit for fixed weekly
repayment installments (Smiles).


“I feel proud that I do not have to ask family membersfor my daily needs and expenses.”
Salma Jahangir Attar
SHG Member, Dattanagar

Credit Discipline Training Project

Getting free from Moneylenders Debt

To start my shop in 2006, I had to take credit from a local moneylender at higher interest rate (10% per month) for 2 years. IRCED has helped us manifold: we got rid of local moneylender and lower interest rate credit helped to increase the inventory of grocery goods. In 2014, to store the goods, I built a shop next to my house. Apart from credit, IRCED has taught us social skills which have helped us to socialize in an effective manner with the community as well as with customers. They have taught us how to maintain accounts of everyday transactions, now I keep daily records of every penny spent. Now, even bank people get startled when they come to know we are getting a fair amount of credit on collateral free lending.


“I really like at the door facilities provided by IRCED along with the idea ofcollateral free lending.”
Surekha Uday Riswade
SHG Member, Kakanagar