funding gap emerging markets
India

Guardian 5

  • Milaap
  • Local partner investment
  • + 47 other investors
  • With a loan of EUR 27,400 the organization Guardian is able to provide 142 women with water loans.

    €27,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€27,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 6 days on 30 May 2017.
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      Based on all Lendahand historical investments
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      Summary

      Water is a fundamental human need. Each person on Earth requires at least 20 to 50 liters of clean, safe water a day for drinking, cooking, and simply keeping themselves clean. 

      Rural Tiruchirappalli in Tamil Nadu is an area where people have very little to no access to clean drinking water. Dependent on the public water supply, women of the families of rural Tiruchirappalli trek many kilometers back and forth, carrying home enough water to fulfill their daily needs. In several households, children often miss out on school, having to help their mothers carry water. Often, unable to gather enough fresh water, they are prey to illness. Furthermore, the situation is aggravated for residents with ailments such as Arthritis. 

      Guardian is India's first and only microfinance institution with an exclusive focus on water and sanitation. Empowered by this drive, hundreds of mothers have come forward, sought these water loans, and gained access to clean drinking water within their homes. They now enjoy better health, productivity, and a good amount of savings. 

      Despite these measures, there are scores of underprivileged women, children, and families in rural Tiruchirappalli for whom access to clean drinking water is still far-fetched. They are looking for a similar chance to fix their own water crisis and uplift their living conditions. 

      Milaap, through its partnership with Guardian, is going to facilitate loans to these 142 women and their families to help them gain access to safe and hygienic source of water. Local partner Milaap provides a loan to Guardian which must be repaid within 24 months.

      Company nameGuardian 5
      CEOSenthil Kumar
      Founded2007-01-01
      LocationTamil Nadu
      SectorFinancial services
      Turnover€493,998.69
      Employees63

      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 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed for Guardian 5

      Madelien van Manen
      Edwin Tofield
      Anneloes Gerritsen
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