Mrs.Valli, aged 56, has been living in Elappakkam for the last 40 years. Her husband abandoned her after 5 years of marriage. So, she adopted a boy and he is 16 years old now. She is living in a hut constructed in a common land. She is a casual labourer. She has enabled her adopted son named Vinoth to study till 10th Standard. Mrs.Valli is the only earning member of the family and she has been struggling hard to run the family due to poverty. In this critical juncture, she came to know about Omega-ASSCOD micro loan programme and availed Rs.15,000 and bought a pregnant cow.
Within 2 months of availing the loan, her cow gave birth to a female calf and the cow is yielding 5 litres of milk every day. Each litre of milk is sold at Rs.30 thereby she gets Rs.150/day. She is grazing the cow in the field and spends only Rs.50/day for fodder. She is earning an average of Rs.100/day from the cow and she also goes for manual labour in the fields, thereby earning Rs.250/day (Seasonal labour). She has promptly repaid the first 4 instalments due of Rs. 1250 each. Now that she owns a cow with a female calf and in next 2 years both cows (including the calf) will yield milk and double the income, it would enable her to repay the first loan fully. After clearing her loan, she will get another loan to buy milk animals and will eventually have 3-4 animals. As her son is not interested to studying further, she wants to set up a mini dairy and hand it over to her son for his prosperous future.
Also, she saves Rs.500 /month and this is first time she said that she started to save regularly. She is now very confident that she can earn money and settle her son’s life and she can also spend her life happily with her savings. She expressed her sincere thanks to Omega/ASSCOD for having given an opportunity to earn a decent income and be economically independent.
