funding gap emerging markets
India

BJS 5

  • Milaap
  • Local partner investment
  • + 69 other investors
  • With a loan of EUR 21,400 women in North Bengal can buy more seeds and material to cultivate more crops.

    €21,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€21,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 days on 2 May 2017.
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      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      Being cut off from major cities and towns, agriculture is the way of life here in North Bengal. Sprinkled with picturesque valleys and green fields, North Bengal has several agrarian districts within in. One such district is Alipurduar- most of the families residing here are engaged in paddy cultivation, which gives them the highest revenue. Jute, banana and potato cultivation are also popular. 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 agrarian communities of North Bengal will benefit socio-economically. The loan amount will not only help them purchase seeds, manure and other necessary tools for farming, but also reduce dependence on monsoon by helping them invest in other ways of irrigation. 


      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. The loan will help 67 women and their families expand their agricultural operations.

      Company nameBJS 5
      CEOBiswajit Das
      Founded2006-01-01
      LocationNorth Bengal, Alipurduar
      SectorFinancial services
      Turnover€644,861.42
      Employees180

      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 6 jobs are created
      • With this investment 24 lives are improved

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      We have already contributed for BJS 5

      Arjan Stet
      Frans Wittenberg
      Rein Goedkoop
      Leendert Smit
      + and another
      69
      investors