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funding gap emerging markets
India

Shakti Mahila Sangh Bahu 17

  • Milaap
  • Invest in a Financial Institution
  • + 73 other investors
  • With a loan of EUR 32,050 around 106 women can further strengthen their small farms by purchasing more high yielding crops.

    €32,050
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€32,050
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 hours on 28 October 2019.

      Summary

      A large number of small communities can be found around Madhya Pradesh. The inhabitants of these villages have not had it easy in recent decades. Immersed in poverty, they try to make the best of it. The construction of a large Sardar Sarovar dam also meant that many families were forced to relocate.  

      There is a lot of illiteracy and most children do not get much further than primary school. On average there is 1 school per 15-20 villages. Households in this region earn on average around $ 95 a month.

      Many families are employed in agriculture and arable farming (such as potatoes, maize, onions), in addition, many women work as seamstresses or they make all kinds of products that are sold in the larger cities. 

      Company nameShakti Mahila Sangh Bahu 17
      CEONS Parihar
      Founded2017-11-01
      LocationMadhya Pradesh
      SectorFinancial services
      Turnover€3,764,046
      Employees83

      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 5 jobs are created
      • With this investment 477 lives are improved

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      We have already contributed to Shakti Mahila Sangh Bahu 17

      PHUYS Huys
      Jan de Wit
      Jeroen Rust
      Rita van den Berg
      Joop Singeling
      + and another
      73
      investors