Spreading the Currency of Hope

The Rose Microfinance & Microcredit Loans received, an overview for the year 2011

The year 2011 has been a successful and triumphant one for the Rose Microfinance and its members. With the services provided for communities in Ampara district, since the beginning of 2011, by serving new communities of a new area, Rose Microfinance has entered Batticaloa district. In 2011 new additions to Rose Community Based Organizations have brought the number of Organizations to 14 and the number of Members to 1867. The year 2011 was a triumphant one for Rose Microfinance since 87 Rose Microcredit members have Graduated from the Microfinance System, received Bank Loans from the Commercial Bank of Kalmunai and a considerable amount of Bad Loans was recovered.

Commercial Bank in Kalmunai joint hands with Rose Micro Credit
In order to;
• Promotes small time businesses
• Assists with daily financing

Commercial Bank in Kalmunai has joint hands with Rose Micro Credit in order to assist members of Rose Micro Credit. The Commercial Bank selects members with limited capital who require an infusion of funds daily or every other day. They define these members as Small time Businessmen and women. The Commercial Bank in Kalmunai assists such persons with micro-financing at very low rates of interest. By a cautious process, qualified Rose Micro Credit members have been selected and recommended for their loans from the Bank.

January

The year 2011 was started with such devastation by the Mother Nature. Since the last flood in 1957, since the Tsunami of 2004, eastern province of Sri Lanka had begun the year with heavy rainfall that continued for more than a month, without a break, accompanied with flooding and strong wind where Rose Charities Srilanka was involved in.

More than 900,000 were affected with 13 deaths in Eastern province in which about 120,000 in Ampara district and 500,000 in Batticaloa district. The roads blocked for any types of transportation caused difficulty of relief reaching the affected areas. In Kalmunai Education Zone about 10000 students were affected. People faced severe problems in lavatory facilities and getting drinking water. Paddy land, cattle and poultry farms were badly affected in Kalmunai. Houses were completely and or partly damaged. Welfare stations and emergency medical camps were set up in Batticaloa and Ampara districts to serve the affected.

An emergency relief unit was set up by RCSL and Rose Microfinance for any immediate emergencies in areas of Ampara District. Intense rain and flooding in almost the entire project area made a halt in almost all of the programs. RCSL had to put most of its activities on hold to embark on a flood relief activities within the communities it was working in. For more than a month, the project office had been transformed into a relief centre. It was estimated that the activities of Rose Charities Srilanka had been delayed by at least three months due to the floods. This caused gaps, delays and or in some cases no events in the scheduled programs. Because of this no Microcredit Loans were issued to the Members of Rose Microfinance in January 2011.

A load of provisions had been bought and stored temporarily in RCSL office. The staff put their own time and effort on packing and distributing. More than 1500 members of Rose Community Based Organizations and Rose Children Clubs were provided with relief provisions.

February
A total of 85 members have received Micro credit Loans in February 2011, in which there were 56 first loans, 26 second loans, 1 third loan and 2 fourth loans. A sum of SLRs. 1840000.00 was issued in February, 2011.
March
A total of 91 members have received Micro credit Loans in march 2011, in which there were 44 first loans, 30 second loans, 14 third loan and 3 fourth loans. A sum of SLRs. 2085000.00 was issued in March, 2011.
April
A total of 53 members have received Micro credit Loans in April 2011, in which there were 26 first loans, 20 second loans, 7 third loan and no fourth loans. A sum of SLRs. 1195000.00 was issued in April, 2011.
May
A total of 10 members have received Micro credit Loans in May 2011, in which there were 10 first loans, no second loans, no third loan and no fourth loans. A sum of SLRs. 200000.00 was issued in May, 2011.
June
No members have received Micro credit Loans in June 2011, since the month was committed for the recovery of Bad Loans.
July
A total of 54 members have received Micro credit Loans in July 2011, in which there were 18 first loans, 29 second loans, 5 third loan and 2 fourth loans. A sum of SLRs. 1205000.00 was issued in July, 2011.
August
A total of 36 members have received Micro credit Loans in August 2011, in which there were 17 first loans, 12 second loans, 7 third loan and no fourth loans. A sum of SLRs. 875000.00 was issued in August, 2011.
September
A total of 32 members have received Micro credit Loans in September 2011, in which there were 8 first loans, 20 second loans, 3 third loans and 1 fourth loan. A sum of SLRs. 780000.00 was issued in September, 2011.
October
A total of 36 members have received Micro credit Loans in October 2011, in which there were 24 first loans, 9 second loans, no third loan and 3 fourth loans. A sum of SLRs. 1440000.00 was issued in October, 2011.
November
A total of 54 members have received Micro credit Loans in November 2011, in which there were 12 first loans, 20 second loans, 21 third loans and 1 fourth loan. A sum of SLRs. 1540000.00 was issued in November, 2011.
December
A total of 59 members have received Micro credit Loans in December 2011, in which there were 11 first loans, 27 second loans, 17 third loans, 3 fourth loans and a fifth loan. A sum of SLRs. 1555000.00 was issued in December, 2011.
Summary 2011 (Loan Beneficiaries)

A total of 510 members have received Micro credit Loans in 2011, in which there were 226 first loans (SLRs. 4910000.00), 193 second loans (SLRs. 5170000.00), 75 third loans (SLRs. 2225000.00), 14 fourth loans (SLRs.370000.00) and a fifth loan (SLRs. 40000.00). A sum of SLRs. 12715000.00 was issued in 2011.


Summary 2011 (Area)

In Kokkaticholai area, 22 members received 1st loans worth of SLRs. 440000.00, 28 members got 2nd loans worth of SLRs. 840000.00, 12 members received 3rd loans worth of SLRs. 470000.00 and no members received 4th or 5th loans.
In Panndiruppu area, 4 members received 1st loans worth of SLRs. 80000.00, 8 members got 2nd loans worth of SLRs. 160000.00, 2 members received 3rd loans worth of SLRs. 55000.00, 2 members received 4th loans worth of SLRs. 60000.00 and no members received 5th loans.

In Neelavanai area, 3 members received 1st loans worth of SLRs. 60000.00, 6 members got 2nd loans worth of SLRs. 195000.00, 1 members received 3rd loan worth of SLRs. 30000.00 and no members received 4th or 5th loans.
In Karaitivu area, 16 members received 1st loans worth of SLRs. 225000.00, 31 members got 2nd loans worth of SLRs. 680000.00, 1 member received 3rd loan worth of SLRs. 30000.00 and no members received 4th or 5th loans.
In Veeramunai area, 20 members received 1st loans worth of SLRs. 365000.00, 14 members got 2nd loans worth of SLRs. 355000.00, 5 members received 3rd loans worth of SLRs. 150000.00 and no members received 4th or 5th loans.

In 4th Colony area, 25 members received 1st loans worth of SLRs. 500000.00, 16 members got 2nd loans worth of SLRs. 420000.00, 8 members received 3rd loans worth of SLRs. 215000.00, 3 members received 4th loans worth of SLRs. 85000.00 and no members received 5th loans.

In Natpiddimunai area, 41 members received 1st loans worth of SLRs. 765000.00, 31 members got 2nd loans worth of SLRs. 835000.00, 21 members received 3rd loans worth of SLRs. 595000.00, 4 members received 4th loans worth of SLRs. 120000.00 and no members received 5th loans.

In Chalambaikkeny area, 5 members received 1st loans worth of SLRs. 105000.00, 4 members got 2nd loans worth of SLRs. 90000.00, no members received 3rd loans, 2 members received 4th loans worth of SLRs. 50000.00 and 1 member received 5th loan worth of SLRs. 40000.00.

In 15th Colony area, 4 members received 1st loans worth of SLRs. 60000.00 and no members received 2nd, 3rd, 4th or 5th loans.

In Annamalai area, 27 members received 1st loans worth of SLRs. 485000.00, 32 members got 2nd loans worth of SLRs. 850000.00, 12 members received 3rd loans worth of SLRs. 345000.00, 2 members received 4th loans worth of SLRs. 550000.00 and no members received 5th loans.

In Kalmunai area, 8 members received 1st loans worth of SLRs. 155000.00, 12 members got 2nd loans worth of SLRs. 330000.00, 11 members received 3rd loans worth of SLRs. 305000.00 and no members received 4th or 5th loans.
In Malwatta area, 27 members received 1st loans worth of SLRs. 540000.00, 12 members got 2nd loans worth of SLRs. 380000.00, 2 members received 4th loans worth of SLRs. 40000.00 and no members received 3rd or 5th loans.
In Veeracholai area, 4 members received 1st loans worth of SLRs. 80000.00, 1 member got 2nd loan worth of SLRs. 25000.00 and no members received 3rd, 4th or 5th loans.
In Vellavely area, 20 members received 1st loans worth of SLRs.1050000.00 and no members received 2nd, 3rd, 4th or 5th loans.
Conclusion

Since 2007, up to date, a total of 1032 members received 1st loans worth of SLRs. 21092500.00, 519 members received 2nd loans worth of SLRs. 15695000.00, 148 members received 3rd loans worth of SLRs. 5445000.00, 27 members received 4th loans worth SLRs.1305000.00 and 3 members received 5th loans worth of SLRs. 180000.00. It brings the total of members to 1729 that were benefited by receiving Microcredit Loans worth of SLRs. 43717500.00.

In to the fore
The Rose Microfinance is committed to serve better and efficient in 2012.

Rose Microcredit is a project of:

Rose Charities Canada

Goal: $1,000,000.00
Complete: $750,000.00

75%

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