Over the weekend, I was featured on a TV news channel to talk about the activities of ShantiSeva. The story was in connection with International Women’s Day which took place on March 8.
ShantiSeva has given interest-free micro-loans to fifty people in the last six years, thirty are women and twenty are men. The majority of the recipients have improved their standard of living through the micro-loans. Many families have replaced their mud hut with a concrete home that has a toilet. ShantiSeva has given a total of USD $15,000 (Rs. 10 lakhs) in micro-loans. We have had only 1 default of $60 (Rs. 3,900) because that person died due to old age. That is an amazing track record. Overall, ShantiSeva is very happy with the performance of the micro-loans we have disbursed.