In the coming period there are different conditions for this partner. More information can be found here.
- The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
- In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
- Repayments occur after 12, 18 and 24 months, not after 6 months (grace period).
Information document issuing company (NL)
Information note issuing company (BE)
With this loan of EUR 85,200 local partner Milaap will be able to provide working capital to 170 women entrepreneurs via their fieldpartners. It concerns mainly women with a weaving enterprise, a little shop or handicrafts.
Milaap partners with a range of organizational types, including microfinance institutions (MFIs), vocational training institutes, artisan supply chains and other mission-driven social businesses. See https://milaap.org/field-partners/
These organizations, referred to as 'Field Partners', are an important part of Milaap's ecosystem. All potential partners have a strong social mission and a demonstrated commitment to serving the needs of the poor and excluded.