SM Gram Bikash Kendra 2
With EUR 21,600 SMGBK can help women from Indian tribals to achieve an improved position in the economy.
€21,600
3.00%
24 months
6 months
EUR
CurrencyAmount | €21,600 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
India is home to several people who are not introduced to the lifestyle of the modern world. Such a population lies in the Nadia region of South Bengal. The economy is predominantly rural, with the members still dependent on nature to a great extent through agriculture, hunting, fishing etc.
In the present-day context, they try to engage themselves in informal activities for their survival, since they face many problems to sustain their livelihood. There are generally industrially backward districts here, though Nadia does have a few industries and many small-scale units. The households within these communities consist of five members on an 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. Erratic electricity supply is another problem, but several of these households have turned towards solar lanterns. The roads and other infrastructure remain under-developed. Women here still give birth at home. Regardless of all these problems, this community remains vibrant and has a strong sense of brotherhood.
Milaap, through its field partner SMGBK, has decided to help women from these tribal achieve an improved position in the economy, by raising funds for them to develop their enterprise.
Company name | Milaap |
CEO | Ganesh Modak |
Founded | 2005-01-01 |
Location | South Bengal, Nadia |
Sector | Financial services |
Turnover | €367,588.18 |
Employees | 82 |
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 7 jobs are created
- With this investment 28 lives are improved