funding gap emerging markets
India

SM Gram Bikash Kendra 16

  • Milaap
  • Local partner investment
  • + 83 other investors
  • With EUR 31,300 around 95 women are able to achieve an improved position in the economy, by expanding their businesses. 

    €31,300
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€31,300
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 13 December 2018.
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      Average investment
      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      India is still home to several tribal people who are not introduced to the lifestyle of the modern world. Such a population lies in the Burdwan region of Bengal. They are known mainly for their skills in weaving saris which is famous across India, knitting, pottery, fish farming etc

      The households consist of five members on an average. The women are typically engaged in the small businesses their husbands run which include small tea shops, grocery stores, bidi-making enterprises etc. The average household sees earnings not more than $88-$94 every month. Children go to school in nearby government schools for which they travel long distances. Due to financial constraints or the pressure of domestic chores, a lot of these students drop out. Regardless of all their problems, the community remains vibrant and has a strong sense of brotherhood.

      With this loan around 95 women are able to achieve an improved position in the economy, by expanding their businesses. 

      Local partner Milaap will provide the loan, which has to be repaid in 24 months.

      Company nameSM Gram Bikash Kendra 16
      CEOGanesh Modak
      Founded2005-11-01
      LocationWest Bengal
      SectorAgriculture
      Turnover€308,214.85
      Employees82

      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 5 jobs are created
      • With this investment 425 people are reached

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      We have already contributed for SM Gram Bikash Kendra 16

      Piet van der Kooi
      Gert Baas
      Madelien van Manen
      + and another
      83
      investors