AVVAI revolving fund

The education of a girl child is a key indicator of development. Therefore, this project has been initiated to provide a sustainable model of financial support for girl students, from rural and poor communities in the Vanur Block of Villupuram District in Tamil Nadu.

Overview

AVVAI revolving fund aims to provide girl students the means to access education, which would otherwise be out of their financial reach, by way of average loan size of Rs 20,000.

The target of the project is to provide 500 girls with education loans, in order for them to gain tools that will render them skillful and employable.

revolving funds body

Context

  • In rural India, girls face particular challenges with access to education, because the priority to educate the girl child is low.
  • Coupled with rising costs of education and a lack of institutional financial support, the girl child’s education is often compromised, resulting in low literacy levels and low quality of life due to non-employability.
  • Besides loans, the project also aims at creating an appropriate support system to the students included in the scheme to make them skilful and employable.

Objectives

  1. To initiate a financial support system for girl students of particularly deprived families so that they may have access to proper education.
  2. To create such a financial support as a revolving system that could sustain the activity for the education of girls on a permanent basis.
  3. To create a support system to help in getting quality education such as training in computer and spoken English, life skill training, and exposure visits.

Methodology of disbursement

  • The average amount of loan is INR 20,000, which is adjustable on a case-by-case basis.
  • These education loans are approved by the women’s federation, which is a registered body that takes decisions related to all projects for women, and is disbursed through the Self-Help Groups of AVAG.
  • Once the repayments start, the corresponding amount is made available for other girl students in need through respective Self-Help Groups. This ensures an effective continuation of the activity and regular financial support for the education of girl students from the poorest families.
  • In a few cases, girls have received a loan as well as a grant. The conditions for such instances are reviewed individually by a core team that consists of the trustee, executive and the three directors of AVAG, which meets regularly to monitor the development of the project. The conditions to avail grants include, but are not limited to, orphan girls, or girls that belong to a single parent household.
  • The financial resources coming from the interest paid on the loans are used for the administration of the project as well as for monitoring of the progress/challenges of the girl students involved in the project and to provide appropriate support in their educational journey.

Progress and Evaluation

Details of the loans that have been given out can be found in the Appendix

Loan size No. of loan for women Amount
Upto INR 5000 41 2,03,000
INR 5001-10000 89 8,85,000
INR 10001-20000 157 27,77,000
INR 20001-30000 92 26,30,000
INR 30001-40000 36 14,05,000
INR 40001-50000 42 21,00,000
Total 457 1,00,00,000
No. of Non Dalit women benefited 272
No. of Dalit women 185
Total 457
Standard/Class No.of students
LKG – 5th 195
6th – 8th 106
9-10th 74
11-12th 63
Degree, others 139
Total no. of students 577
Total no. of Villages 39
No. of SHGs 118
Total Amount issued INR 1,00,00,000
  • Apart from the leaders of women’s federation, the staff of AVAG is doing the job of collecting information from the SHGs and families to make sure that the project benefits the real poor.
  • Feedback from the federation, staff and input from the director in charge of this activity will help the core team to plan activities to bring out the best possible impact in our area.

Review from AVAG

  • We would like to mention that the grant from MSSL for the education of girls was extremely useful for the girls of the area.
  • Without this support, many women would have been forced to get loans from the money lenders at exorbitant rates of interest and at least a few women would have stopped their girls from pursuing studies.
  • Many girls also expressed that this is the first time that they had paid their full fees on time without the need to undergo any derision or abuse for late payment.
  • Though we were not able to support all the women who came forward for educational support for their girls, since the actual need was to the tune of Rs.2,00,00,000, this grant has undoubtedly shone light on the lives of many poor girls. We are very grateful.

Success Story

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