260

it does so only on the security of the land of the borrower.
In the case of likely defaulters it follows the same policy.
This is demonstrated by the following table :

Out of 26 cases of mortgages made to the Society and
not redeemed till the year of enquiry, the following were
the purposes of loans advanced:

1.

2,
3.

5.
6.

7.

8.

9.

10.

Redemption of old debt.....

Celebration of marriage.....

Partly (1) and partly (2).....

Purchase of land.......

„ „ bullocks and house repairs
Partly (1) and partly purchase of a cart

Building a house.......

Trading..........

Purchase of bullocks......

Partly (1) and partly (9).....

No. of cases
11
4
3

1
1
1
1
1
1

The other feature of the policy, namely, vigilant re-
covery, is shown by the following accounts of two typical
members of the society.

CASE L* FAMILY, SCHEDULE No. 145.

Date
Amount borrowed inRs.
Amount repaid inRs.
Outstanding loans inRs.

24- 8-18
40
__
40

23- 1-19
—
30
10

22-12-19
—
10
—

25- 3-20
50
—
50

14-12-20
_
50
—

13- 1-26
50
—
50

30-12-26
_
25
25

31-12-26
—
25
—

3- 4-27
150
—
150

* In both these cases payments of interest are ignored for the sake of
simplicity.