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funding gap emerging markets
India

BJS 14

  • Milaap
  • Invest in a Financial Institution
  • + 53 other investors
  • With a loan of EUR 18,600 around 43 women in North Bengal can buy more seeds and material to cultivate more crops.

    €18,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 9 January 2019.

      Summary

      The quaint countryside of North Bengal is home to several agrarian communities. Being cut off from major cities and towns, agriculture is the way of life here. Alipurduar is one such district- most of the families residing here are engaged in paddy cultivation, which gives them the highest revenue. Jute, banana, and potato cultivation are also popular.  

      The average monthly income of such families is less than $120 as a result of which the land they work on is usually on a lease. Due to their hand-to-mouth situation, the families try to cut down on labor costs by ensuring that all family members work on the field. Children, after returning from school, help out their parents with farming. With such conditions, availing loans to better their prospects has been difficult. 

      However, BJS has been supporting women and their families in this area by providing them with agricultural loans. Through this project, these agrarian communities of North Bengal will benefit socio-economically. The loan amount will not only help them purchase seeds, manure, and other necessary tools for farming but also reduce dependence on monsoon by helping them invest in other ways of irrigation. As the women of the households would be the recipients of funds, it will go a long way towards empowering them and helping them find their own financial footing. 43 women will receive funds as part of this project. Pictured here are a few women from the group.

      Local partner Milaap provides a loan to BJS  and the loan must be repaid within 24 months. 

      Company nameBJS 14
      CEOBiswajit Das
      Founded2006-01-01
      LocationWest Bengal
      SectorFinancial services
      Turnover€519,998.41
      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 4 jobs are created
      • With this investment 163 lives are improved

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      We have already contributed to BJS 14

      Han de Haas
      Jeroen Rust
      Frank Fekken
      + and another
      53
      investors