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funding gap emerging markets
India

Prayas

  • Milaap
  • Invest in microfinance
  • + 85 other investors
  • With EUR 46,800 Prayas can increase safe sanitation by supporting women to build their own toilets.

    €46,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€46,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 4 October 2016.

      The project

      Prayas is a voluntary development organisation working to empower vulnerable groups of society in Western parts of India- Gujarat and parts of Madhya Pradesh. It came into existence in November 1997. Prayas facilitates capacity building activities, natural resource management projects, microfinance programs and livelihood activities. The primary strategy is to provide inputs for building community-based local organizations to promote long-term sustainability.

      Prayas aims to promote a broad range of goals including human rights, women empowerment and self-dependency of underserved communities. Identifying sanitation as a tool for empowerment, Prayas runs a microcredit programme which allows women to construct or renovate toilets at home. So far, they have successfully helped 1648 women and their families gain access to safe sanitation and lead a life of dignity. However, several families are still forced to walk long distances to defecate in the open, putting their health at risk. Prayas seeks to continue to improve this situation, one borrower at a time. 

      Company nameMilaap
      CEOPrayas Rawal
      Founded1997-01-01
      LocationGujarat
      SectorFinancial services
      Turnover€384,680.19
      Employees105

      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.

      • With this investment 18 jobs are created
      • With this investment 72 lives are improved

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      We have already contributed to Prayas

      Luella van Turnhout
      Johan Feddema
      Jan Eijgenraam
      Gerard de Boer
      Martijn Kistemaker
      + and another
      85
      investors