Tackling generational poverty is a key value of Ujjivan and the most effective tool is education. Ujjivan provides
Education Loans to its customers which allow them to educate their children at English-speaking private schools. The
loan size is Rs. 5000 per child (maximum of 2 children) which covers the costs of books, supplies, uniforms and basic
fees.
To encourage Ujjivan customers to continue their children's educating even if it is through loans, Parinaam tries to reduce the cost burden by reimbursing the interest through donor funding. The interest subsidy is provided only if the child attends school for the entire year and will continue schooling into the next year.
We are also working on a Scholarship Fund to encourage our young academic achievers and a program that will provide
linkages between donors/others and the Ujjivan children through mentoring; outings; tuitions and sports.
The average interest subsidy cost to help one child with an education loan is Rs 775.
