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Why this warning despite license?

AFM license has been obtained in September 2016

Why this notice?

Lendahand has obtained an AFM license in September 2016. Crowdfunding platforms with a licence are nevertheless obliged to show this banner on the website if they make use of the exemption until EUR 2,5 million. The banner informs you that there is no approved prospectus necessary for this activity because of the exemption.

Read more about the risks of crowdfunding in our FAQ.

Ico-06

Do you have a question? Call: 0031 10 717 18 15

Or mail to: info@lendahand.com (response within 24 hours)
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Gram Utthan 9

Through the loan of EUR 29,200 around 120 woman in Odisha will gain access to a clean and safe toilet at home.

43% raised so far, € 16.550,- required
  • image Maturity: 24 months
  • image Local partner: Milaap
  • image Receive 3.0% interest per annum

Several communities in Odisha have very little to no access to private toilets, forcing them to resort to open defecation. As a result, they face a higher risk of exposure to infection, snake-bites and sexual assault, particularly in the case of women and children. Furthermore, the situation is aggravated for residents with ailments. Being one of the poorest states in India, gaining access to exclusive sanitation is far-fetched for most families here. 

In fact, they are so used to open defecation that many a time they do not realise the kind of diseases they are exposing themselves to! Unsafe and inaccessible sanitation is a human problem for many reasons, covering personal hygiene and dignity, disease risk, environmental impact, as well as overall developmental impact related to health status, time use and production decisions.  

Gram Utthan, an organization based in Odisha, focuses on dealing with issues pertaining to livelihood, skill training, energy and sanitation. Their core value is to enhance human dignity and work towards sustainable development. Milaap, in partnership with Gram Utthan, seeks to reach out to more such communities in rural Odisha. 

With this project 120 families, otherwise unserved, will gain access to a clean and safe toilet at home. 

  • Local partner Milaap
  • Redemption schedule Semi-annual
  • Maturity 24 months
  • Annualized interest 3.0%
  • Company name Gram Utthan 9
  • Owner Mr. Gobind Dash
  • Location IndiaOdisha, India
  • Sector Financial services
  • Founded 1990
  • Number of employees 180
  • Turnover € 8.295.335

About Milaap

  • Number of borrowers in loan portfolio 41 fieldpartners
  • Total assets € 7,533,805
  • Leverage ratio 69%
  • Loan portfolio € 7,212,225
  • Write-off ratio last 12 months 0.2%
  • % loan amount in arrears (>90 days) 0.5%
  • % loan amount in arrears (>180 days) 0.3%
  • Numbers updated as of 31 march 2017
Local partner Milaap is the largest crowdfunding platform in India, enabling stories of hope, courage, and change. Milaap aims to act as a kind of 'aggregator' for the previously mentioned field partners, making it possible for these parties to have access to funding. Milaap knows exactly which of these financial institutions are solid parties: creditworthy and focusing on impact. These field partners in there turn provide loans for energy projects, access to water, corporate finance and so on.

We already lend to Gobind:

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    Menne Glas
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    Simone van Tilborg
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    Casper Hoogeslag
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    Pieter Verlee
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    Marco Vonck
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    Karin Vernède-Wijnans
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    Wouter Rijneveld
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    Willeke van Klinken
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    Jaap van zijtveld
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    ronald potuijt
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    Jacob Bosma
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    Christian Garrard
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    Frank Fekken
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    Michel van Cappellen
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    Henk Metselaar
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    Thomas Smetsers
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    Fernand - Grulms
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    Karina Smaling
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    Peter Koenders
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    Sibbe Krol
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    Pieter Mooij
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    Ilse Deen-Balstra
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    Chananja Speksnijder
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    Shon van der Veer
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    Anouk Wetzels
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    Ien ten Kampe
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    Marco Bouman
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What happens if...

...a local partner goes bankrupt?

If a local partner for whatever reason goes bankrupt, there is a real chance that (part of) the loan granted by you will not get repayed. Since all local partners are legally speaking strictly separated, it is sensible to spread your investment over various local partners.

...an entrepreneur does not pay back on time or fully?

From experience we know that defaults do not often occur. However, if it happens then our local partner pays back the loan (plus interest) to you. Our partners hold a reserve for this. If the reserve is not sufficient then it will come out of their equity capital.

...the local currency devaluates?

Our local partners bear the exchange rate risks. We settle the loan, redemptions, and interest payments in euro. Therefore, you pay in euro and you receive the money back in euro.
Ico-06

Do you have a question? Call: 0031 10 717 18 15

Or mail to: info@lendahand.com (response within 24 hours)