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Yallingup, Western Australia
Email:
viti@bearfruit.com.au
Website:
http://www.bearfruit.com.au
Q.5 How many phase loans have you had and what were they used for?
HwH 1
st
phase loan is 5,000 rupees, 2
nd
phase loan is 10,000 rupees and 3
rd
phase loan is 20,000
rupees. After 3
rd
phase loan, amounts can range from 20,000 to 50,000 rupees with 12 month
repayment option for all phase loans — unless paid back earlier. (At the time the exchange rate
was 81.90 Nepalese Rupee to one US Dollar.)
7 out of 9 participants interviewed were in 3
rd
phase loans.
2 were in 2
nd
phase loans.
What was insightful about the phase loan data, even in a small study is the growth that has
occurred with these participants who valued the opportunity to access SNUsacc loans. More
importantly, to have the support of the coordinator who has been with HwH from the beginning
and the establishment of the SNUsacc branch, board members and staff whom support those
opportunities.
This support was also noted in Szalay (2008) when she noted the, “intensive work
of Shila [KC] and Ramchandra [KC] lead to a very good relationship between the group members
and them.”
Further commentary by Szalay (2008) indicates that, “One big benefit out of the loan process for
a lot of families is the bigger security they have recently [acquired] if an unforseen occasion is
happening. It’s possible because they now have savings or own animals they can sell if
necessary.”
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Q.6 How many children?
3
Parents had 5 children (Mother was part of the original cooperative before the HwH
cooperative was established. Her eldest daughter took out the 1
st
phase loan and now
the 2 youngest daughters operate their homebased shop and SNUsacc branch that
distribute HwH loans. Their father who was at home with both legs in plaster after falling
from the cow haystack was responsible for the commercial telephone).
4
5
2
2
3
3
2
Newly married expecting 1
st
child.
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Szalay, (2008) Appendices (2)