First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
India

Guardian

  • Milaap
  • Invest in a Financial Institution
  • + 73 other investors
  • With 27,600 EUR Guardian will be able to provide more loans to women from which they build toilets for their families.

    €27,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€27,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 4 December 2016.

      Summary

      Seven decades after the birth of a free India, we see 50% of people in the country facing a sanitation crisis. Rural Tiruchirappalli in Tamil Nadu is one of such areas where people have very little to no access to private toilets, forcing them to resort to open defecation. As a result, they face a higher risk of exposure to infection, snake-bites and sexual assault, particularly in the case of women and children. Furthermore, the situation is aggravated for residents with ailments such as Arthritis.

      Guardian is an organization that has been working in this region to spread awareness and provide financial support for rural families to build toilets at home. It is India's first and only microfinance institution with an exclusive focus on water and sanitation. Empowered by this drive, hundreds of mothers have come forward, sought these sanitation loans, and built toilets for their families. These women have been able to repay their loan from the savings on medical bills that would have piled on if it was not for these safe sanitation facilities. They now enjoy better health, productivity, and a good amount of savings.

      Despite these measures, there are scores of underprivileged women, children, and families in rural Tiruchirappalli for whom a simple act of relieving themselves is fraught with the risks arising from open defecation. They are looking for a similar chance to fix their own sanitation crisis and uplift their living conditions. Milaap, through its partnership with Guardian, is going to facilitate loans to these women and their families to help them gain access to safe and hygienic sanitation and a life of dignity.

      Local partner Milaap provides a loan to Guardian which must be repaid within 24 months.

      Company nameGuardian
      CEOSenthil Kumar
      Founded2007-01-01
      LocationTamil Nadu
      SectorFinancial services
      Turnover€497,282.44
      Employees63

      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 3 jobs are created
      • With this investment 12 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed to Guardian

      Albert Stoter
      Martijn Kistemaker
      Martijn Savenije
      Edwin Tofield
      Dirk Rentmeester
      + and another
      73
      investors