funding gap emerging markets
India

Guardian 3

  • Milaap
  • Local partner investment
  • + 59 other investors
  • With EUR 28,800 Guardian will be able to provide more loans to women from which they build toilets for their families.

    €28,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€28,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 14 March 2017.
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      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      Rural Tiruchirappalli in Tamil Nadu is an area 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 improve their general quality of life.

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

      Company nameGuardian 3
      CEOSenthil Kumar
      Founded2007-01-01
      LocationTamil Nadu
      SectorFinancial services
      Turnover€509,055.35
      Employees66

      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.

       

      Related blog articles

      Many Milaap projects support female entrepreneurs in India. Learn more here on how female entrepreneurs are driving GDP growth worldwide.

      • With this investment 3 jobs are created
      • With this investment 12 people are reached

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      We have already contributed for Guardian 3

      Menne Glas
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