funding gap emerging markets
India

VAMA 7

  • Milaap
  • Local partner investment
  • + 47 other investors
  • With a loan of EUR 12,850 around 50 women will be able to purchase better seeds, fertilizers to strengthen their yield of crops.

    €12,850
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,850
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 22 June 2019.
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      Based on all Lendahand historical investments
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      Summary

      The primary occupation in villages in rural Madhya Pradesh remains as agriculture and animal husbandry. The dominant agricultural produce of the State includes cotton, groundnuts (peanuts), dates and sugarcane. The climate conditions here remain harsh and often women, who work as laborers in these fields, spend their days on the field so they can earn for their families. Mostly, the households these women take care of is comprised of 5 members, and they sustain on an average monthly income of $95. Apart from farming, women engage in sewing, tailoring, snacks making, accessories business, etc. 

      The local village market or ‘mandi’ becomes their location to sell these products. Often, 4-5 villages come together to organize a huge market on a weekly basis. The menfolk work in the villages or migrate to the nearest towns for better income opportunities. The cities are far from the villages and often connectivity is poor. This makes it harder to ensure the families in Madhya Pradesh earn their daily income.

      VAMA is an organization working in Madhya Pradesh since 1988 which has programs implemented for empowering women from such communities in Madhya Pradesh. They are taking the initiative to support and strengthen the small enterprises, boost agriculture started by women in these small villages. 

      50 women seek a loan for VAMA to purchase better seeds, fertilizers to strengthen their yield of crops.

      Company nameVAMA 7
      CEOSiddharth Verma
      Founded1998-01-01
      LocationMadhya Pradesh
      SectorFinancial services
      Turnover€4,128,596.80
      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 4 jobs are created
      • With this investment 200 people are reached

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      We have already contributed for VAMA 7

      Ron van Eijk
      Ton Schroer
      Joop Singeling
      Jan van Munster
      + and another
      47
      investors