Word: parajata
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...there's no way we could get to that many borrowers," says Akula. A deal in which Citigroup will buy $44 million in loans off SKS's books, for instance, is expected to help SKS reach 200,000 people across 7,000 villages. Among the beneficiaries are women like Parajata, a widow in Veeravelly who was working as a day laborer and barely earning enough to feed her children before a 50,000-rupee ($1,200) loan let her open a grocery shop and start earning enough to periodically buy her kids new clothes. "There has been a dramatic change...
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