Pehal- An AID Delhi Initiative

Implementing AID’s Philosophy of SEVA, SANGHARSH & NIRMAAN has been a continuous endeavor of AID Delhi.

To move one step ahead in this direction a new project has been started. This Project is a Micro-financing Project catering specifically to Rickshaw Owners. Project name “SAKSHAM” has been unanimously decided by AID Delhi Volunteers as this name depicts “making someone capable of doing something on its own”.

Project Saksham started with an idea to stop exploitation of Rickshaw Owners as they have to pay rent to the rickshaw lender. This initiative provides them an avenue to buy Rickshaw without paying full cost of the Rickshaw in lumsum. Rickshaw Owner will get the rickshaw from SAKSHAM and start returning money on weekly basis. As soon as he gets a rickshaw he will stop paying any rent to lender and therefore his exploitation stops then and there. He will then pay weekly installments to SAKSHAM so as to give back the money equivalent to cost of a Rickshaw. Based on Calculations, it was found that whole cost of Rickshaw can be easily given back by Rickshaw Owner in 7months.

Rickshaw Owner now owns his own Rickshaw and he does not have to pay any amount to anybody thus he can accumulate that amount as savings.

NOTE:

1. SAKSHAM will not charge any interest from Rickshaw Owner.
2. Though Project works on same philosophy as that of AID, SAKSHAM is not an AID endeavor.