We help them make a living.
Since 2007, HOPE foundation’s zero-interest small loan program has launched over 2,500 businesses. We started the program in the coastal areas of Nagapattinam and Pudupattinam as part of our rehabilitation program for people affected by the Indian Ocean tsunami in 2004.
We provide seed loans at 0% interest to help people start small businesses such as grocery stores, tea and snack shops, internet cafes and tailoring units. Over 2,400 people have turned entrepreneurs with a combined annual income Rs 7.5 crore ($1.1 million). They have gone on to create jobs for over 3,500 people. More than 95% have repaid their loans in full.
- Zero-interest small loan program, Nagapattinam district