funding gap emerging markets
India

Gram Utthan 4

  • Milaap
  • Local partner investment
  • + 46 other investors
  • With a loan of EUR 21,800 many families will gain access to a clean and efficient source of lighting- solar lanterns.

    €21,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€21,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 16 April 2017.
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      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      One of the most financially poor States in India is Odisha- where 91% of the population resides in villages, and 39% belongs to tribal communities where the average daily income is below $1. Several communities in Odisha, such as Jajpur barely see any electricity. Out of 24 hours, many villages get electricity for only 6 hours! This means, the electricity that most of us take for granted, reaches them for just one-fourth of a day. The communities residing in Kendrapara are agrarian. With unscheduled and unpredictable power-cuts, life is nothing short of thorny. Residents often resort to expensive battery-operated emergency lights or kerosene-fueled lamps. The kerosene lamps come with their own set of problems- not only are they expensive, but also hazardous as they give rise to toxic fumes. Problems get further aggravated after sunset as families are unable to cook food in the dark, children cannot study and hawkers have to pack up. The lesser obvious ones include wild animals entering the village causing havoc and the sick not getting proper treatment due to lack of visibility. Gram Utthan, an organization based in Odisha, focuses on dealing with issues pertaining to livelihood, skill training, sanitation and more recently- energy. Their core value is to enhance human dignity and work towards sustainable development. Gram Utthan has implemented its Energy program in six districts in rural Odisha with a view to solve some of the problems that the residents currently face. Solar powered lighting has improved the general quality of life in the region. The beneficiaries have reduced expenses on traditional sources of lighting such as kerosene, increased economic activity through extension of working hours, fewer health issues arising from toxic kerosene and cow-dung fumes, and higher literacy rates as children can study after sunset. Milaap in partnership with Gram Utthan seeks to reach out to more such communities in rural Odisha. Through the current project, 608 families will gain access to a clean and efficient source of lighting- solar lanterns. 608 families will across rural Odisha will gain access to solar lighting and in turn be more productive, healthier and happier!
      Company nameGram Utthan 4
      CEOGovind Dash
      Founded1990-01-01
      LocationOdisha
      SectorFinancial services
      Turnover€9,023,414.82
      Employees180

      Impact

      Milaap is the largest crowdfunding platform in India, enabling stories of hope, courage, and change. They provide credit services to the poor and excluded to help them to work themselves out of poverty.

      Milaap partners with a range of credit-worthy field partners who hold a strong social mission. They grant loans for energy projects, water access, artisan supply chains, and more, mostly in rural areas. Many of their projects empower women entrepreneurs, mainly providing working capital to women with a weaving enterprise, small shops, or handicrafts.

       

      SDG’s impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No poverty

      SDG 3. Good health and well-being

      SDG 5. Gender equality

      SDG 6. Clean water and sanitation

      SDG 8. Decent work and economic growth

      SDG 10. Reduced inequalities

      Read more about the impact you can make through our platform and the SDGs on our impact page.

       

      Related blog articles

      Many Milaap projects support female entrepreneurs in India. Learn more here on how female entrepreneurs are driving GDP growth worldwide.

      • With this investment 3 jobs are created
      • With this investment 12 people are reached

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      We have already contributed for Gram Utthan 4

      Joop Singeling
      Ruben Vlot
      Jan Eijgenraam
      André Kloosterman
      Gerard de Jong
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      46
      investors