BJS 3
With EUR 14,000 BJS is able to invest in the women of Alipurduar and contribute to their empowerment.
€14,000
3.00%
24 months
6 months
EUR
CurrencyAmount | €14,000 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
The agrarian communities of Alipurduar, North Bengal live amongst the luscious fields by the banks of Kaljani river. Being cut off from major cities and towns, most of the residents practise farming. These communities- most of the families residing here are engaged in paddy cultivation, which gives them the highest revenue. In addition to paddy, they also grow potato, bottle gourd, mustard seeds, broad beans, maize etc. The nearest markets are in faraway towns; the only way to get to these towns is by buses with very low frequency.
The district lacks basic facilities such as well-equipped hospitals and schools. Many a times, patients are required to travel 50kms to Siliguri to visit a good hospital. Traveling within the district is via ‘toto rickshaws’ run by the locals. Other than that, they have no means of commute. The average monthly income of such families is less than $120 as a result of which the land they work on is usually on lease. Due to their hand-to-mouth situation, the families try to cut down on labour costs by ensuring that all family members work on the field. Children, after returning from school, help out their parents with farming. With such conditions, availing loans to better their prospects has been difficult. However, BJS has been supporting women and their families in this area by providing them with agricultural loans.
Through this project, these rural communities of Alipurduar will benefit socio-economically as the women of the households would be the recipients of funds, it will go a long way towards empowering them and helping them find their own financial footing. Your loan will help these women purchase seeds, fertilizers, irrigation pumps and also invest in labour- this will help them expand their agriculture operations and enhance their earnings!
Company name | Milaap |
CEO | Biswajit Das |
Founded | 2006-01-01 |
Location | West Bengal |
Sector | Financial services |
Turnover | €625,336.52 |
Employees | 180 |
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 5 jobs are created
- With this investment 20 lives are improved