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With a loan of EUR 27,600 the organization Guardian is able to provide 238 women with water loans.
| Amount | €27,600 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
Like many rural households, families have been impacted by the water crisis in India. Dependent on the public water supply, they trek many kilometers back and forth, carrying home enough water to fulfill their daily needs.
In households like theirs, children often miss out on school, having to help their mothers carry water. Often, unable to gather enough fresh water, their families are prey to illness. Water is a fundamental human need. Each person on Earth requires at least 20 to 50 liters of clean, safe water a day for drinking, cooking, and simply keeping themselves clean. Rural Tiruchirappalli in Tamil Nadu is an area where people have very little to no access to clean drinking water.
Guardian 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 water loans, and gained access to clean drinking water within their homes. 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 access to clean drinking water is still far-fetched. They are looking for a similar chance to fix their own water crisis and uplift their living conditions.
Milaap, through its partnership with Guardian, is going to facilitate loans to 238 women and their families to help them gain access to safe and hygienic source of water. Local partner Milaap provides a loan to Guardian which must be repaid within 24 months.
| Company name | Guardian 6 |
| CEO | Senthil Kumar |
| Founded | 2007-01-01 |
| Location | Tamil Nadu |
| Sector | Financial services |
| Turnover | €497,351.31 |
| Employees | 63 |
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.
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.
Many Milaap projects support female entrepreneurs in India. Learn more here on how female entrepreneurs are driving GDP growth worldwide.
