Q&A: MED Projects in India
Q: The loan is equivalent to how many weeks’ wages?
A: The average loan is $100 (Rs 50,000), that’s equivalent to 15 weeks wages.
Q: What was the average wage before joining the program?
A: $9 per week
Q: What is there average wage being part of the program?
A: Depending on the business type, the income range is between $56 to $86 per week. The individual’s income is multiplied between 6.25 to 9.5 times.
Q: What % of the loan is used for initial stock/ set up?
A: 100%
Q: What is purchased with the funds?
A: Refer to below examples
Roadside Petty Hotel |
|
| Cooking Utensils | 28 |
| Raw food Materials | 44 |
| Plates & glasses | 9 |
| Cooking Gas | 9 |
| Gas Stove | 12 |
| Miscellaneous | 3 |
| Total set up cost | $105 |
Tailoring |
|
| Sewing Machine | 65 |
| Pair of Scissors | 10 |
| A Box of Threads | 10 |
| Cutting Pad | 17 |
| Miscellaneous | 3 |
| Total set up cost | $105 |
Selling fresh fish |
|
|
For buying Fish |
65 |
|
Scales & Weights |
17 |
|
Basket |
12 |
|
Travelling |
7 |
|
Miscellaneous |
4 |
|
Total set up cost |
$105 |
Cake Shop |
|
|
Cooking Utensils |
28 |
|
Raw food Materials |
44 |
|
Plates & glasses |
8 |
|
Cooking Gas |
9 |
|
Gas Stove |
13 |
|
Miscellaneous |
3 |
|
Total set up cost |
$105 |
Q: What sort of businesses do the women run?
Business type |
|
|
Tailoring |
17% |
|
Selling fresh fish |
14% |
|
Cake shop |
12% |
|
Clothes |
10% |
|
Petty hotel |
8% |
|
Selling milk |
7% |
|
Selling firewood |
5% |
|
Selling sweets |
5% |
|
Selling eggs |
3% |
|
Selling rice |
3% |
|
Selling dry fish |
3% |
|
Selling prawns |
2% |
|
Selling milk & curd |
2% |
|
Tea shop |
1% |
|
Sewing material |
1% |
|
Laundry |
1% |
|
Selling garlands |
1% |
|
Selling curd |
1% |
|
Selling 2nd hand sarees |
1% |
|
Mini book shop |
1% |
|
Selling Goat milk |
1% |
|
20+ different businesses |
|
Q: What happens to the funds when they are returned?
A: The funds are recycled into another loan, which again enables another woman to start her own small business.
