IndiaApani Sahkari Sewa Samiti 9
With a loan of EUR 15,700 Apani can help out 28 women borrowers and their families in Rajasthan by providing them loans.
€15,700
3.00%
24 months
6 months
EUR
Currency| Amount | €15,700 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Rajasthan faces extreme temperatures which makes agriculture, one of the difficult processes. Here, most of the crop production is only from paddy and in comparison, and the income from agriculture is low in comparison with other occupations. But there are many families who continue the agriculture business for commercial and self-produce purposes. Women engage in animal rearing, masala-making, dairy businesses etc in their local area.
The average monthly income of such families is less than $60. The women in Rajasthan want to take the responsibility of earning for their household to support their children, secure their livelihood and future. Hence, Apani has been helping out such women borrowers and their families in Rajasthan by providing them with loans. Through this project, these rural communities of Rajasthan will benefit socioeconomically and they will invest in better seeds, fertilizers, water improvements etc.
| Company name | Milaap |
| CEO | Rajendra Bhatt |
| Founded | 2004-01-01 |
| Location | Rajasthan |
| Sector | Financial services |
| Turnover | €1,384,066.28 |
| Employees | 36 |
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 4 jobs are created
- With this investment 139 lives are improved
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We have already contributed to Apani Sahkari Sewa Samiti 9
Piet van der KooiEls MolFrans Wittenberg