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funding gap emerging markets
India

DCBS 9

  • Milaap
  • Invest in a Financial Institution
  • + 55 other investors
  • With EUR 18,450 some 213 families gain access to a clean and efficient source of lighting- solar lanterns and help them overcome some of their current struggles.

    €18,450
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,450
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 23 March 2020.

      Summary

      In India, several cities and towns are so lit up at night that they can be seen shining from space, but on the flip side, there are large parts of the country that plummet into darkness. Two such districts are South 24 Paraganas and Uttar Dinajpur in West Bengal. These rural communities are primarily dependent on agriculture and a lot of them are traditional weavers.

      As villages in these districts barely see any electricity (at least 3-4 hour power cuts a day), life is full of struggles. The most discernible of these include their inability to cook food post-sunset, children having to finish up with their studies before 5 in the evening, hawkers packing up and the high expenditure on kerosene lamps. The lesser obvious ones include wild animals entering the village causing havoc and the sick not getting proper treatment due to lack of visibility.

      Against such a backdrop, a lot of these families are engaged in the dying tradition of ‘Zari’ work, upholding the centuries’ old weaving culture. It is almost ironic that a community which does not see light for the most part of the day should be involved in work that is so intricate in nature!

      Milaap’s partnership with DCBS makes solar lighting affordable and available to rural households in West Bengal. 

      Company nameDCBS 9
      CEOAnimesh Naiyya
      Founded2003-01-01
      LocationWest Bengal
      SectorFinancial services
      Turnover€22,147,839
      Employees53

      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 1000 lives are improved

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      We have already contributed to DCBS 9

      Ton Schroer
      Dirk Rentmeester
      Diana Bovens
      Hans Uppenkamp
      rits dijkstra
      + and another
      55
      investors