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funding gap emerging markets
India

BJS 12

  • Milaap
  • Invest in microfinance
  • + 32 other investors
  • With a loan of EUR 12,700 BJS will enable 50 rural mothers to pay their children's school fees and purchase necessary textbooks.

    €12,700
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,700
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 29 August 2018.

      The project

      Belghoria Janakalyan Samity (BJS) is a not for profit organization based in the eastern Indian state of West Bengal. It was formed with a single goal of alleviating poverty through women empowerment. It aims to reach families in the most underserved and financially poor areas in West Bengal. 

      BJS focuses on the holistic development of the weaker section of the society, especially women, providing both financial and non-financial services. It uses microfinance as a tool for poverty alleviation and focuses on building self-sufficiency among women.

      In line with its goal of making women self-sufficient, BJS adopted a methodology of forming women into self-help groups. Through this structure, it gives out loans to women who do not have the ability to bear the expenses to educate their children. Children in these villages usually drop out at an early age because their families find it difficult to bear the expenses of educating them further. In 2013, BJS designed its education program to help children of these deprived families go to school. With financial assistance, women admit their children to schools, pay tuition fees, purchase books and stationery, pay for the school buses, etc. 

      BJS has been empowering mothers to educate their children. This project paves the way for rural mothers to pay their children's school fees, purchase necessary textbooks and stationery items and school uniforms. It will go a long way towards empowering them and helping them find their own paths towards success.

      Company nameMilaap
      CEOBiswajit Das
      Founded2006-01-01
      LocationWest Bengal
      SectorFinancial services
      Turnover€553,307.02
      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.

      • With this investment 2 jobs are created
      • With this investment 150 lives are improved

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      We have already contributed to BJS 12

      suzanne nivard
      Aad Nootebos
      Jos Schreur
      + and another
      32
      investors