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funding gap emerging markets
India

SM Gram Bikash Kendra 4

  • Milaap
  • Invest in a Financial Institution
  • + 85 other investors
  • With a loan of EUR 30,800 around 100 woman in the Bengal province will purchase cloth in bulk, and upgrade their handlooms.

    €30,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€30,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 days on 26 July 2017.

      Summary

      The centuries old textile tradition in India has continued to thrive. Even today, handloom clusters in Bengal are known for their unique designs and techniques. These handloom saris have bewitched wearers with their bright colours and tribal embroidery on the ‘pallu’ (the part of the saree which is let loose) rendered entirely by handlooms.    

      The women behind these intricate designs and embroideries, see earnings not more than $80-$95 every month. They reside in the Burdwan district of West Bengal, which is famous for its weaving centres. Here, children study in nearby government schools for which they travel long distances. Due to financial constraints or the pressure of domestic chores, a lot of these students drop out. Erratic electricity supply is another problem, but several of these households have turned towards solar lanterns. The roads and other infrastructure remain under-developed. Women here still give birth at home. Regardless of all these problems, this community remains vibrant and has a strong sense of brotherhood.

      Milaap, through its field partner SMGBK, has decided to help 100 women from Burdwan district of West Bengal achieve an improved position in the economy, by raising funds for them to develop their traditional handloom enterprises. With the funds, these ladies will purchase cloth in bulk, and upgrade their handlooms.

      Company nameSM Gram Bikash Kendra 4
      CEOGanesh Modak
      Founded2005-01-01
      LocationWest Bengal
      SectorFinancial services
      Turnover€344,613.92
      Employees82

      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 6 jobs are created
      • With this investment 24 lives are improved

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      We have already contributed to SM Gram Bikash Kendra 4

      Jos Schreur
      Trees van den Hoogen
      A. Pronk
      Edwin Tofield
      Leendert Smit
      + and another
      85
      investors