funding gap emerging markets
India

Impact+ Milaap 2019-2

  • Milaap
  • Local partner investment
  • + 16 other investors
  • With a loan of EUR 169,000 Milaap will be able to provide working capital to small and medium enterprises and fieldpartners in India.

    €169,000
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€169,000
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 27 November 2019.
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      Based on all Lendahand historical investments
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      Summary

      Investments via Impact + are direct investments in financial institutions and/or companies and cannot be related to specific projects.

      With a loan of EUR 169,000 Milaap will be able to provide working capital to small and medium enterprises in India.

       

      Company nameImpact+ Milaap 2019-2
      CEOMayukh Choudhury
      Founded2010-01-01
      LocationBangalore
      SectorFinancial services
      Turnover€5,424,698
      Employees80

      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.

       

      Related blog articles

      Many Milaap projects support female entrepreneurs in India. Learn more here on how female entrepreneurs are driving GDP growth worldwide.

      • With this investment 5 jobs are created
      • With this investment 50 lives are improved

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      We have already contributed for Impact+ Milaap 2019-2

      Ton Schroer
      + and another
      16
      investors