IndiaBharathi Development 2
With a loan of EUR 13,800 around 46 women can fund their children’s tuition fees, textbooks and school uniform.
€13,800
5.00%
24 meses
6 meses
EUR
Moneda| Importe | €13,800 |
| Interés | 5.00% |
| Vencimiento | 24 meses |
| Reembolsos | 6 meses |
| Moneda | EUR |
El proyecto
The people of Nannilam, rural Tamil Nadu mainly depend on agriculture. The literacy rate here is slightly below 75%. The younger members of this community go to local government schools as their parents now understand the importance of education, and wish for their children to have greater opportunities than they have themselves. For higher education, students have to travel 1-2 hours every day to a nearby town. Life remains full of tough challenges for these children despite their exposure to education. The cramped houses with little to no ventilation do not make for ideal places to study. Additionally, the girls do not receive the same kind of support for pursuing their education and are often expected to help out with household chores. In spite of these hardships, the children and their supportive parents have not relinquished their dreams and aspirations.
Milaap, through its partnership with Bharathi Women’s Development Centre, will provide 46 mothers from Nannilam village education loans- to fund their children’s tuition fees, stationery needs, textbooks, school uniform etc.
Local partner Milaap provides a loan to the Bharathi Women’s Development Centre that must be repaid in 24 months.
| Nombre de la empresa | Milaap |
| Director general | Nagarajan Bharathi |
| Fundado | 1984-01-01 |
| Ubicación | Tamil Nadu |
| Sector | Servicios financieros |
| Volumen de negocio | €2,814,853.73 |
| Empleados | 43 |
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.
- Con esta inversión se crean 5 puestos de trabajo
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