Published on 2020-11-16 @ 10:18:00 AM

A sum of approximately Rs.200,000, which was recovered from the previous revolving loan projects, was used to fund this project. The beneficiaries will repay the interest free loan in the next 12 months’ time and the funds will be used again to provide bicycles to another 10 families going forward. 

TEF has implemented more than 20 similar Revolving Loan Projects for the past 8 years and they are now benefiting more than 240 women headed families every year without any capital funding from TEF. A nominal amount Rs.25,000 to Rs.30,000 ($200 to $250) is paid by TEF annually for each Revolving Loan Project to cover the administration cost. 

The committee thanks Dr Jayamohan (Sivan Arul Illam) & Ranjit (CCYE -Centre for Child & Youth Empowerment) of Jaffna for coordinating & implementing this project effectively with keen interest. CCYE’s efforts in excellent reporting & empowering the women headed families to get involved in the revolving loan schemes are greatly appreciated. 

We are sure this Revolving Loan Project will revolve many times in the coming years and provide great benefits to many women headed families in our homeland. 

Thank you all for your great support. “Be the change you want to see in the world………………..” Mahatma Gandhi