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funding gap emerging markets
India

Blaze Trust 2

  • Milaap
  • Invest in a Financial Institution
  • + 35 other investors
  • With a loan of EUR 10,700 Blaze Trust will provide 45 mothers education loans to fund their children’s tuition fees en books.

    €10,700
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€10,700
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 20 September 2018.

      Summary

      The people of rural Tamil Nadu mainly depend on agriculture. The literacy rate here is slightly below 75%. The younger members of this community go to local government schools as their parents now understand the importance of education, and wish for their children to have greater opportunities than they have themselves. For higher education, students have to travel 1-2 hours every day to a nearby town. Life remains full of tough challenges for these children despite their exposure to education. The cramped houses with little to no ventilation do not make for ideal places to study. Additionally, the girls do not receive the same kind of support for pursuing their education and are often expected to help out with household chores. In spite of these hardships, the children and their supportive parents have not relinquished their dreams and aspirations.

      Milaap, through its partnership with Blaze Trust, will provide 45 mothers from Coimbatore education loans- to fund their children’s tuition fees, stationery needs, textbooks, school uniform etc. 

      Local partner Milaap provides a loan to Blaze Trust that must be repaid in 24 months.

      Company nameBlaze Trust 2
      CEOV. Sharavanakumar
      Founded2003-01-01
      LocationTamil Nadu
      SectorFinancial services
      Turnover€2,490,848.32
      Employees47

      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 4 jobs are created
      • With this investment 225 lives are improved

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      We have already contributed to Blaze Trust 2

      Gert Mosterd
      Lot Hagenaars
      Joop Singeling
      + and another
      35
      investors