Youth Volunteers’ Union
With EUR 48,000 YVU Microfin supports more women in areas like Assam and Manipur, uplifting them from poverty.
€48,000
3.00%
24 months
6 months
EUR
CurrencyAmount | €48,000 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Youth Volunteers’ Union (YVU) is primarily a social service non-profit operating in north-eastern India since 1972. Powered by young men and women volunteers, it undertakes programs, such as agriculture development, watershed programs, lift irrigation projects, and environment and social issues awareness creation among local communities.
YVU started its microfinance operation called YVU Microfin in 1996 to drive self-sustainability and greater ownership of these programs by communities. YVU Microfin provides impoverished locals with credit to develop and build their own microenterprises and uplift themselves. It works towards financing this enterprise development and progress among women from underprivileged communities in Assam and Manipur.
The Northeastern region of India houses several underserved communities- majority of which have tribal ancestry. The women in this region mostly work on their small traditional weaving enterprises where they make shawls called mekhala chadors, loin cloths and bed spreads. Through its partnership with Milaap, YVU Microfin supports women in these areas, uplifting them from poverty.
Company name | Youth Volunteers’ Union |
CEO | Bikendrajit Akoijam |
Founded | 1996-01-01 |
Location | Assam and Manipur |
Sector | Financial services |
Turnover | €346,996.24 |
Employees | 230 |
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 10 jobs are created
- With this investment 40 lives are improved