funding gap emerging markets
India

DCBS 7

  • Milaap
  • Local partner investment
  • + 31 other investors
  • With EUR 12,800 around 28 families gain access to a clean and efficient source of lighting- solar lanterns and help them overcome some of their current struggles.

    €12,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€12,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 hour on 19 October 2019.
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      Summary

      In India, several cities and towns are so lit up at night that they can be seen shining from space, but on the flip side, there are large parts of the country that plummet into darkness. Two such districts are South 24 Paraganas and Uttar Dinajpur in West Bengal. These rural communities are primarily dependent on agriculture and a lot of them are traditional weavers.

      As villages in these districts barely see any electricity (at least 3-4 hour power cuts a day), life is full of struggles. The most discernible of these include their inability to cook food post-sunset, children having to finish up with their studies before 5 in the evening, hawkers packing up and the high expenditure on kerosene lamps. The lesser obvious ones include wild animals entering the village causing havoc and the sick not getting proper treatment due to lack of visibility.

      Against such a backdrop, a lot of these families are engaged in the dying tradition of ‘Zari’ work, upholding the centuries’ old weaving culture. It is almost ironic that a community which does not see light for the most part of the day should be involved in work that is so intricate in nature!

      Milaap’s partnership with DCBS makes solar lighting affordable and available to rural households in West Bengal. 

      Company nameDCBS 7
      CEOAnimesh Naiyya
      Founded2003-01-01
      LocationWest Bengal
      SectorFinancial services
      Turnover€21,682,593
      Employees53

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      We have already contributed for DCBS 7

      Bas Pieters
      Marc Sierink
      Hans Bierhuis
      Dirk Rentmeester
      + and another
      31
      investors