As a follow up to the meeting in August where the Acumen team met with the SPARC team at the Khetwadi office,, the alliance shared data about loans given, cities and towns where it was given and also how the repayment has been scheduled. The discussion led to the team from Acumen visiting Bangalore and a date was finalized and Thomas from the federation facilitated the visit and meetings with households who had taken loans.
The visit:
The team first visited the Federation office at Bangalore, where Thomas explained them about the loan portfolio. They discussed on the number of loans given, the reasons for which families sought the loans and the overall management of the loan structure. Chinnamma who works with the families directly with the loans and savings, showed them around to meet some of the families that took the incremental loans for housing and upgrades. The Acumen team talked to Ragini from the L.R. Nagar settlement who had taken a loan to do housing repairs. They had a chat with Silvy Mary whose house had to be reconstructed following destruction with floods, since her house was situated on a low lying area. She had taken a loan therefore to perform major repairs to her broken house. Likewise, they also met a few more families and women who had taken loans to perform incremental upgrades to their houses and got an enlightening experience of how by upgrading the houses incrementally by using small loans helps communities to improve housing conditions
The team further plans to talk to John and know more about the incremental loan structure.
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