May 2006 Update

May 2006 Update

May 2006 Update

The following report was submitted by Chandu Dhage, president of GSBG:
"After we repaid the last installment (our second) we have disbursed in May the following loan amounts to some new and deserving enterprises specially a much needed second hand farm equipment. This enterprise will serve the needs of a number of small farmers for whom maintaining bullock driven equipment is prohibitively expensive. Two married youth have been trained to be drivers who will be gainfully employed by way of hauling farm produce to the market yard, fodder for smaller diary farmers, and also bricks (we have a brick kiln business employing eight families) throughout the year which will ensure repayment of the loan on time.

We are also particularly delighted to help a young widow with her plants nursery project.

It is very heartening to see so many new young farmers who are coming forward to invest in drip irrigation projects as they have seen with their own eyes drip's benefits such as water conservation, better yield due to healthy root zones development of plants, controlled micro nutrient flow, effective week control, etc."

Three new drip irrigation loans were issued to local farmers in May. The loans are presented by the GSBG president, Chandu Dhage. 

Mr. Rama Dhage purchased a second hand tractor with his loan of Rs 50,000.