Published on 2019-06-09 @ 08:00:00 AM

Tamil Engineers Foundation made a donation of Rs 420,000 (Approx. $3500) to CCYE (Centre for Child and Youth Empowerment) of Jaffna through Sivan Arul Illam in March 2016 to provide “interest-free loans” to 12 women headed families (Rs35,000 each) to build Tube Wells for domestic use, home gardening & etc. 

The loan amounts were fully recovered in the last 18 months. The recovered funds are now used again to provide Interest-free Revolving Loans (Rs35,000) to another 12 new beneficiaries (women headed families) to build Tube Wells in their own land. 

TEF has implemented more than 20 similar Revolving Loan Projects for the last 8 years and now they are providing the benefits to more than 240 women headed families every year without any capital funding from TEF. 

A nominal amount Rs20,000 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 thank all the donors who contributed towards this worthwhile project