Sampark Financial Services Private Ltd 9
With EUR 24,650 Sampark can provide 52 women funds to expand their tailoring, beauty parlors, grocery stores, dairy business etc.
€24,650
3.00%
24 months
6 months
EUR
CurrencyAmount | €24,650 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
Summary
Odisha houses few of the most financially backward families in India. Communities from rural districts in Odisha lack enterprise development opportunities.
A typical household in this setup consists of four members on an average- wife and husband, and their two children. The women of these households are homemakers or are engaged in small businesses such as tailoring, incense stick making, petty shops or beauty parlours, while the men are usually away, working in nearby towns and cities as carpenters, drivers, construction workers, and daily wage labourers. The women and men of these households together are able to bring in no more than $90-$150 per month.
In spite of the hardships that accompany such low incomes, the people of Balangir and Khurda have not relinquished their dreams and aspirations. Milaap, through its partnership with Sampark Financial Services Private Limited, will provide women with funds to expand or set up their tailoring, incense stick making, petty shops, beauty parlours, grocery stores, dairy business etc.
Milaap provides the loans to Sampark Financial Services Limited that must be repaid in 24 months.
Company name | Sampark Financial Services Private Ltd 9 |
CEO | Jugal Kishore Pattanaik |
Founded | 2004-01-01 |
Location | Odisha |
Sector | Financial services |
Turnover | €19,641,899 |
Employees | 203 |
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 5 jobs are created
- With this investment 188 lives are improved