The MF Serve Committee (Microfinance) of RCCT is glad to announce that we are disbursing microloan to 9 applicants from Poondy village for purchase of tailoring machines. We had received 12 applications from the village and after duediligence and personal screening by Surabhi trust (which is helping us out on the tailoring project at Poondy village), we have sanctioned loans of Rs.5000 each to 9 applicants. We are paying a single cheque of rs.45000 to Surabhi trust who will be purchasing the 9 tailoring machines and delivering it to the recipients.

We had taken quotes for the sewing machines from different vendors who quoted anywhere between rs.5500 to rs.7000 per machine. We were able to negotiate a good rate of 5000 per machine which will help reduce the burden of the borrowers also. The recipients have been trained at our RCCT tailoring centre at Poondi and using our centre to make a living and will now continue functioning from their own places.

The MF Committe meeting held at our CAMS Blood camp venue on 20th November was attended by Pres Rajie, Rtn Satish Jupiter and Rtn Krishnachander with Rtn Prithvi as a special invitee.