Prayas 5
With EUR 36,400 around 125 woman can expand their business activities and increase the income of their family.
€36,400
3.00%
24 months
6 months
EUR
CurrencyAmount | €36,400 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Rural Gandhinagar in the state of Gujarat is heavily dependent on agriculture even today. With one of the lowest literacy rates in the country, most children study till middle-school level here. In the district, 15-20 villages often have one common school. Households in these villages have an average size of 5, sustaining on a meagre average monthly income of $95. In addition to farming, women of the community are engaged in tailoring, accessory making, broom making, beauty parlour services, petty shop businesses. The communities sell a considerable amount of the local produce in ‘haats’ or local bazars including jowar, bajra, maize, sesame, groundnut, onions and potatoes as well as jewellery, hair accessories etc. The men most often migrate to nearby towns for better job opportunities- often an unhappy transition. Even in the face of poor infrastructure and connectivity, these women are unrelenting and hardworking.
The resolute women want to start or expand their business in the hope of a better future. These businesses range from animal husbandry, dairy businesses, petty shops, women's accessories, vegetable vending, spice selling etc. 125 women and their respective families will enjoy better income and savings!
Company name | Prayas 5 |
CEO | Bhadresh Rawal |
Founded | 1997-01-01 |
Location | Gujarat, Adalaj district |
Sector | Financial services |
Turnover | €419,722.59 |
Employees | 108 |
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 12 jobs are created
- With this investment 48 lives are improved