funding gap emerging markets
India

Chanura Microfinance 5

  • Milaap
  • Local partner investment
  • + 30 other investors
  • With EUR 6,600 around 44 mothers will be able to pay school fees, purchase textbooks, stationery items and school uniforms.

    €6,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€6,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 10 August 2017.
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      Invest from €10
      Average investment
      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      Most of the primary government schools are situated in rural and semi-rural areas in Manipur. Although they are functional, they only have primary level standards/ classes. Furthermore, these schools do not have any concrete infrastructure or facilities. Reportedly in most cases either there are no teachers or if any, were on a contract basis. Most of these rural schools are occupied by security forces in conflict and violence prone areas.   The families of these children are engaged in agricultural activities and other domestic chores which is why, they are sent to shabby schools as their parents are out in the cultivation fields the whole day. Most importantly girls do not go for higher education. Beside poverty, when they attain teenage they become helpful for house hold chores and agriculture or cultivation work. 

      The education system in the state is at a critical juncture. It is a must if must if peace and normalcy were to be restored in the state and unless it is improved at the primary level, Manipur will remain backward in terms of the education system. 

      Chanura, through Milaap, has been supporting children and schools in this area by providing them with Education loans. 44 mothers from Manipur have come forward to seek Education loans for their children. This project will benefit these students to have a brighter future.  They will be able to pay their school fees, purchase necessary textbooks and stationery items and school uniform. It will go a long way towards empowering them and helping them find their own paths towards success.

      Company nameChanura Microfinance 5
      CEOP.K Khuman
      Founded2007-01-01
      LocationManipur
      SectorFinancial services
      Turnover€148,383.80
      Employees38

      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 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed for Chanura Microfinance 5

      Ron van Eijk
      Niek de Bruijn
      Menne Glas
      Jos Dingemans
      Nettie Stougje
      + and another
      30
      investors