funding gap emerging markets
India

Guardian 5

  • Milaap
  • Inversión con socio local
  • + otros 47 inversores
  • With a loan of EUR 27,400 the organization Guardian is able to provide 142 women with water loans.

    €27,400
    Importe
    3.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€27,400
    Interés3.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 6 díasen 30 Mayo 2017.
      Seleccionar importe
      Invertir desde €10
      Inversión media
      Basado en todas las inversiones históricas de Lendahand
      Financiación completa
      El proyecto se financiará por completo

      Resumen

      Water is a fundamental human need. Each person on Earth requires at least 20 to 50 liters of clean, safe water a day for drinking, cooking, and simply keeping themselves clean. 

      Rural Tiruchirappalli in Tamil Nadu is an area where people have very little to no access to clean drinking water. Dependent on the public water supply, women of the families of rural Tiruchirappalli trek many kilometers back and forth, carrying home enough water to fulfill their daily needs. In several households, children often miss out on school, having to help their mothers carry water. Often, unable to gather enough fresh water, they are prey to illness. Furthermore, the situation is aggravated for residents with ailments such as Arthritis. 

      Guardian is India's first and only microfinance institution with an exclusive focus on water and sanitation. Empowered by this drive, hundreds of mothers have come forward, sought these water loans, and gained access to clean drinking water within their homes. They now enjoy better health, productivity, and a good amount of savings. 

      Despite these measures, there are scores of underprivileged women, children, and families in rural Tiruchirappalli for whom access to clean drinking water is still far-fetched. They are looking for a similar chance to fix their own water crisis and uplift their living conditions. 

      Milaap, through its partnership with Guardian, is going to facilitate loans to these 142 women and their families to help them gain access to safe and hygienic source of water. Local partner Milaap provides a loan to Guardian which must be repaid within 24 months.

      Nombre de la empresaGuardian 5
      Director generalSenthil Kumar
      Fundado2007-01-01
      UbicaciónTamil Nadu
      SectorServicios financieros
      Volumen de negocio€493,998.69
      Empleados63

      Impacto

      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.

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