How does it work?



Human resource is one of the mandatory resources required in weaving industry. Without a structured human resource management intervention, the human resource of the industry is suffering from many differences and dissatisfaction. Weaving demands a separate set of technical qualities of employees, they must be skilled and really well trained to run the looms. The employees train their children about the special occupation from the childhood. This activity creates a bunch of future weavers. Weaving can’t be learnt in few weeks or months. It needs a continuous focus and dedication to learn, to be an independent weaver.

Male and female both are the part of human resource. Though the power looms are huge and massive, demands technical skills, women have not taken a step back from working. When the power loom became efficient, women replaced most men as weavers in the textile factories.

Education among the Weavers

Education is the one of the basic needs of the country today. It is mandatory that a child must undergo studies at least till the age of 14 to get minimum education of 10th standard/ SSLC. The weavers have a very low opinion about education. The reason behind this is their financial status. They find it difficult to fulfill the basic needs for the family and themselves. In such situation, education is a luxurious good for them; moreover, weaving profession does not demand any certificate or a degree. It’s all about technical skills. Since their education qualification is low or nil, they are not able to upgrade them with the facilities available for them.

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Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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