funding gap emerging markets
India

Guardian 7

  • Milaap
  • Local partner investment
  • + 98 other investors
  • With a loan of EUR 34,000 the organization Guardian is able to provide 338 women with loans for water connections.

    €34,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€34,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 16 days on 10 August 2017.
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      Summary

      Like many rural households, families have been impacted by the water crisis in India. Like most households around them, they rely on water from the public tap in the village. Situated a long walk away from their home, the tap runs only a few hours each day. Often, after spending the morning in a queue, Jeyanthi and her friends are unable to get sufficient water for the needs of their families. With insufficient water to drink and practice hygiene, they run the risk of frequent illnesses.  

      Through Milaap’s partner, GUARDIAN, their families now have the option to install a water connection in each of their homes. So Jeyanthi and her group seeks a loan to bring water in their homes, by having a water connection installed. 

      Your loan will help 338 families save their time spent on fetching water, help them be healthy and more productive, and empower them to realize their goals of uplifting themselves.

      Company nameGuardian 7
      CEOSenthil Kumar
      Founded2007-01-01
      LocationTrichy
      SectorFinancial services
      Turnover€478,209.68
      Employees63

      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 Guardian 7

      Leendert Smit
      Corné de Haas
      Menne Glas
      Jan van Munster
      Gerard de Jong
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      investors