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Field Partner
Hope IRDS,
Kurnool,Andhra Pradesh
Total Loan Disbursed: Rs 4492500
Repayment Rate: 100%
Founder:Mr.Jayakumar
Hope is a Kurnool based organization and is involved in microfinance activities from past 3 yrs. Their mission is to reduce poverty and improve the quality life of the poor women in urban and rural areas of Andhra Pradesh through the provision of qualitative and responsive financial services in an innovative and sustainable way. The organization is working with 3810 poor women of Yemmiganur and Manthralyam slums. We are desirous to make low cost micro credit a reality. Our strategy for intervention is organizing women’s into groups, promoting micro economic enterprises for their socio economic development, People’s participation in community development activities, enabling them to have social security.
About the place
Kurnool is the gateway to Rayalaseema and the largest city of Rayalaseema with a population around 2.7 lakhs. It has many educational institutes and is also a major hub for banking and insurance companies. The original name of Kurnool was Kandenaolu, which literally means "lubricating village". Nallamalas and Erramalas are the two important mountain ranges in the district running in parallel from North to South. The Erramalas divide the district into two well defined tracts from East to West. Between Erramalasand Nallamalas lies the Eastern part of the district comprises Nandikotkur, Pagidyala,Kothapalli, amulapadu, Atmakur, Velgodu, Jupadu Bunglow, Midthur, Bandi Atmakur, Gadivemula, Nandyal, Mahanandi, Panyam, Banaganapalli, Owk, Koilakuntla, Rudravaram Chagalamarri Mandals. This tract is crossed by the crest of Krishna and Pennar, watershed at the North part of the Pagidyalamandal at about 1000 above the sea level. From this height the ground slopes to the South along the river Kundu till it traverses into Pennar valley. Major part of its tract is predominantly black cotton soils http://en.wikipedia.org/wiki/Kurnool