RURAL SMALL MERCHANT CREDIT UNIONS

DIRECT IMPACT STRATEGY TO PROVIDE LOW COST CREDIT TO RURAL SMALL MERCHANTS, ARTISANS AND SMALL INDUSTRY AND FOR INSTITUTIONALIZATION OF FUNDE. FUNDE CONTRACTS, PAYS AND TRAINS MAN AGERS UNTIL CREDIT UNIONS BECOME SELF SUFFICIENT. ADDITIONALLY CREATES MECHANISM FOR TECHNICAL ASSISTANCE TO BE SOLD TO CREDIT UNIONS ON NEED BASIS THEREBY INSTITUTIONALIZING FUNDE ADVISORY ROLE. 10 CREDIT UNIONS FUNCTIONAL IN FIRST YEAR AND 5 IN SECOND YR. ESPECIALLY BENEFITS WOMEN IN INDUSTRY (COMPRISE 50% OF RURAL INDUSTRY) AND INCREASES RURAL FAM INCOME.