Members Savings Scheme
The Member Saving Scheme is designed to foster financial security and growth among Kolping family members. It encompasses individual and group savings initiatives, as well as support for income-generating projects.
Key Points :
Encouraging Savings Habits
Each Kolping family member saves between Rs. 100 to Rs. 1000 per month. These savings are pooled and deposited, and members can avail loans from this collective fund. The total savings of 103 Kolping family members currently amounts to Rs. 7,69,30,692.
Income Augmentation
Recognizing the challenge of irregular income among local families, Kolping Marthandam Region proactively promotes micro-enterprises to supplement household earnings. Credit support is extended to members to initiate various income-generating activities.
Kakkara Revolving Fund
The Kakkara revolving fund provides crucial financial assistance to Kolping members for starting ventures. To expand the reach of credit support, the region has adopted a strategy of collecting Kakkara loan repayments in monthly installments, ensuring a steady flow of funds for further rotation.
