Published on 2020-09-27 @ 06:50:00 AM

A total sum of Rs 450,000 (approx. $3500) was disbursed as interest free loans to 9 women headed families (Rs 50,000 to each family) to establish livelihood income generating opportunities. I.e. farming activities, Sewing, Goat farming, etc. The funds recovered from the previous revolving loan projects were used to fund this initiative.

This project was implemented by CCYE (Centre for Child & Youth Empowerment) Jaffna with the guidance of Sivan Arul Illam of Thiruketheswaram. This loan will be recovered in a 12 months and will be used to fund another 9 women headed families.

ECF (TEF) has implemented more than 20 similar Revolving Loan Projects in the last 6 years and now such loans are providing the benefits to more than 250 women headed families every year without any capital funding from our charity.

The committee thank CCYE and Sivan Arul Illam of Thiruketheswaram (Dr. Jayamohan) for coordinating this project with keen interest. CCYE of Jaffna has taken proactive measures to identify the beneficiaries and implemented this scheme during the COVID19 difficult period, their efforts are greatly appreciated. We are sure these types of Revolving Loan Projects will lift the standard of living and eradicate the poverty in our homeland.

We thank you all for your great support.