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funding gap emerging markets
India

Gram Utthan 31

  • Milaap
  • Invest in a Financial Institution
  • + 104 other investors
  • With a loan of EUR 31,400 Gram Utthan will be able to provide 28 women with growth capital to expand their businesses.

    €31,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€31,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 hours on 12 December 2019.

      Summary

      The Gram Utthan organization is active in Odisha in the area of ​​livelihood, sanitation and energy. Their core values ​​focus on improving living conditions and creating sustainable development. 

      Gram Utthan encourages women to expand their businesses or, in some cases, to start them up. Often it is about sewing clothes, selling dairy, selling food or making jewellery. 

      Local partner Milaap helps Gram Utthan to reach these women and provide them with growth capital.

       

      Company nameGram Utthan 31
      CEOGovind Dash
      Founded1990-01-01
      LocationOdisha
      SectorFinancial services
      Turnover€7,996,693
      Employees180

      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 28 jobs are created
      • With this investment 136 lives are improved

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      We have already contributed to Gram Utthan 31

      Gert Baas
      Peter Boot
      Jos Dingemans
      Manfred Jansen
      Ton Van der Meer
      + and another
      104
      investors