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funding gap emerging markets
India

SM Gram Bikash Kendra 6

  • Milaap
  • Invertir en microfinanzas
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  • With EUR 26,000 around 100 women are able to expand their businesses and improve their economic positions.

    €26,000
    Importe
    3.50%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€26,000
    Interés3.50%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 5 díasen 22 Septiembre 2017.

      El proyecto

      India is still home to several tribal people who are not introduced to the lifestyle of the modern world. Such a population lies in the Burdwan region of North Bengal. They are known as the ‘Adivasi’ community and belong to the section of the poorest in the country. The economy is predominantly rural, with the members still dependent on nature to a great extent through agriculture, hunting, fishing etc.

      The households within these tribes consist of five members on an average. The women are typically engaged in the small businesses their husbands run which include small tea shops, grocery stores, bidi making enterprises etc. The average household sees earnings not more than $88-$94 every month. Children go to school in nearby government schools for which they travel long distances. Due to financial constraints or the pressure of domestic chores, a lot of these students drop out. Regardless of all their problems, the community remains vibrant and has a strong sense of brotherhood.

      With this loan around 100 women are able to achieve an improved position in the economy, by expanding their businesses. 

      Local partner Milaap will provide the loan, which has to be repaid in 24 months. 

      Nombre de la empresaMilaap
      Director generalGanesh Modak
      Fundado2005-01-01
      UbicaciónWest Bengal
      SectorServicios financieros
      Volumen de negocio€330,685.59
      Empleados82

      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.

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