BENEFITING: CRISIS RECOVERY INTERNATIONAL INCORPORATED
EVENT DATE: Sep 21, 2013
To increase their income, these ladies need an attachment that will grind rice into flour. The cooperative in Sri Lanka has several groups of women, each group with a dozen members. The use of the spice grinder, that CRI bought with your donations, enables them to make about 2,000 rupees each week. The women come together to grind and package the spices and some of the women take the spices to market. They share in the profit. They keep some of the money and set aside some into a common bank account. The women use the bank account as micro-finance. Women in the cooperative can borrow money out of the account and pay it back. The women tell us that they used to borrow money from the money-lender at 20% interest. Now they borrow from the cooperative. When I asked if any of the women did not pay it back, the leader smiled and said no. She said if they don’t pay it back, they do not get any more. The women are very happy with the grinder and are saving for a special attachment that will grind rice into flour.