IndiaGuardian 7
With a loan of EUR 34,000 the organization Guardian is able to provide 338 women with loans for water connections.
€34,000
3.00%
24 months
6 months
EUR
Currency| Amount | €34,000 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Like many rural households, families have been impacted by the water crisis in India. Like most households around them, they rely on water from the public tap in the village. Situated a long walk away from their home, the tap runs only a few hours each day. Often, after spending the morning in a queue, Jeyanthi and her friends are unable to get sufficient water for the needs of their families. With insufficient water to drink and practice hygiene, they run the risk of frequent illnesses.
Through Milaap’s partner, GUARDIAN, their families now have the option to install a water connection in each of their homes. So Jeyanthi and her group seeks a loan to bring water in their homes, by having a water connection installed.
Your loan will help 338 families save their time spent on fetching water, help them be healthy and more productive, and empower them to realize their goals of uplifting themselves.
| Company name | Milaap |
| CEO | Senthil Kumar |
| Founded | 2007-01-01 |
| Location | Trichy |
| Sector | Financial services |
| Turnover | €478,209.68 |
| Employees | 63 |
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
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We have already contributed to Guardian 7
Peter BootHans BierhuisLeendert SmitFrank FekkenJan van Munster