India

Blaze Trust 3

With a loan of EUR 13,800 Blaze Trust will provide 55 mothers education loans to fund their children’s tuition fees en books.

  • Local partner investment
  • 2 nieuwe banen
  • 275 mensen bereikt
Issuer

€13,800

Amount

24 months

Maturity

3.00%

Annual interest
100%
Fully funded in 3 days on 10 December 2018.
+ 42 other investors

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 55 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 3
CEOV. Sharavanakumar
Founded2003-01-01
LocationTamil Nadu
SectorFinancial services
Turnover€2,623,467.81
Employees47

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We have already contributed for Blaze Trust 3

Lot Hagenaars
Hans Bierhuis
Niek de Bruijn
Boudewijn Gailliaert
+ and another
42
investors