funding gap emerging markets

Grameen Shakti 1

  • Milaap
  • Local partner investment
  • + 55 other investors
  • With a loan of EUR 32,150 around 71 women can expand their businesses in order to improve their position in the economy.

    24 months
    6 months
    Maturity24 months
    Repayments6 months
      Fully funded in 4 days on 24 June 2019.
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      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded


      India is still home to several tribal people who have not been introduced to the lifestyle of the modern world. Such a population lives 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 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 71 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 nameGrameen Shakti 1
      CEOGanesh Modak
      LocationWest Bengal
      SectorFinancial services


      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 12 jobs are created
      • With this investment 310 lives are improved

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      We have already contributed for Grameen Shakti 1

      Ron van Eijk
      Ton Schroer
      Jan van Munster
      Joop Singeling
      Erwin Meijer
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