NMHM
OUR PLAN
How We do What we Do
While trying to generate a sustainable income of funds, whether for social service or for profit, can be daunting, I employed the concept of micro-finance to help carry out all our programs. With the funds donated by a few companies and the considerate public, I managed to raise over $60,000. I then lent out small loans to people looking to startup a new company and to vendors and sellers, and from the interest earned, I funded our projects and re-invested the principal amount in other such individuals. In this way, I was not only able to help the underprivileged through our various social programs but also by giving opportunities to many bright minds out there to foster their business ideas. While the interest rates for micro-financing are quite high, I focused on sustainability and not profitabilty and hence charged relatively lowers rates, subject to the person I was lending to. NMHM has been built on this foundation and in the coming years, I do hope to widen our circle and get bigger organisations involved in activities as well.
