Mooldhan is the Hindi word for “capital”. Within the context of rural development, Micro credit systems have grown in popularity as a tool for empowerment of the people. It can be defined as the provision of parsimony, credit and other financial services and products of very small amount, given as short term loan to people of low income in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards.
For TGG Foundation, Mooldhan is a centralised funding system that powers all its projects. The functioning of this administrative activity started in the year 2015 with the interest free loan received from The Golden Greens, with a 5 year moratorium to pay back. It was then supplemented by activity contribution and donations.
The biggest advantage of “Mooldhan” is that it extends financial support to Social Enterprises, Self Help Group and Socials Projects on interest free basis for a minimum period of 2-years to pay back to the system. Project feasibility studies are conducted by professionals appointed by TGG Foundation, and on their recommendation financial supports are extended to approved projects. It provides great relief to those people who are starting their livelihood activities from ground zero.
Following are the areas where the Mooldhan funds are utilized:
1. Constitution, Handholding & Self Sustainability of Navajyothi (Kerala), a self-help group supported by TGG Foundation
2. Acquired 13000 Sq ft of land to develop infrastructure facilities for abandoned, abused or battered, widow women.
3. Charitable activities
4. Administrative expensive
80% of the funds reach the beneficiaries/projects and 20% is utilized towards administrative expenses and bank transaction charges.
The impact assessment of such financial support provided in the last 3 years is in progress, and we will be able to share some very interesting success stories of people who have benefited through these initiatives.
All fundraising activities are also monitored and managed by Mooldhan. We are presently doing the fundraising for following projects/activities/cause. You can contribute to any of the projects/activities/cause once you obtain an RHM Registration Number. We discourage accepting donations without proper authentication of the donors.
Fire Victims30th September 2020207581.00 ₹RHM Center-Wayanad30th September 2020
|Educational Sponsorship||30th September 2020||5000.00 ₹||Fire Victims||30th September 2020||207581.00 ₹|
|RHM Center-Wayanad||30th September 2020|
How to contribute
BANK ACCOUNT HOLDERS IN INDIA :
ACCOUNT NAME: TGG FOUNDATION CHARITABLE TRUST
ACCOUNT NUMBER :50100240495678
BANK: HDFC BANK
BRANCH: SULTHAN BATHERY (CITY TOWER, GANDHI JUNCTION, DIST-WAYANAD, PIN-673592)
MICR NO: 673240252
INTERNATIONAL DONORS CAN PAY THROUGH OMPRAKASH
Please mention your RHM Registration Number and select a project/activity/cause for which the donation is made.