Micro-finance in India

It is always good to see a positive news story emerge in the construction industry, especially one relating to a bank. It is also good to reflect on some of the things most of us in New Zealand take for granted, such as a local toilet. However, in India the population does not have this same luxury. Statistics provided by The Hindu indicate that only 40% of the population has a toilet in their home, and (surprisingly) only 20% of the population use the toilets that are around.

Gramalaya and Guardian, are a micro-finance NGO that is seeking to remedy this issue. They have realised that the only solution is to build more toilets and to assist in this they provide loans for small projects such as the construction of toilets and sanitation of water. Their website states that they have INR$512million (NZD$10m) on loan to over 60,000 borrowers.

The overall aim stated in The Hindu is to have sufficient toilets in India by 2019.

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