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funding gap emerging markets
India

VAMA

  • Milaap
  • Invierte en una Institución Financiera
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  • With a loan of EUR 12,650 VAMA will be able to give 41 families the opportunity to get access to clean sanitation.

    €12,650
    Importe
    3.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€12,650
    Interés3.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 1 día.en 28 Agosto 2018.

      Resumen

      The primary occupation in villages in rural Madhya Pradesh remains as agriculture and animal husbandry. The dominant agricultural produce of the State includes cotton, groundnuts (peanuts), dates and sugarcane. The climate conditions here remain harsh and often women, who work as labourers on these fields, spend their days on the field so they can earn for their families. Mostly, the households these women take care of is comprised of 5 members, and they sustain on an average monthly income of $95. Apart from farming, women engage in sewing, tailoring, snacks making, accessories business, etc. 

      The local village market or ‘mandi’ becomes their location to sell these products. Often, 4-5 villages come together to organize a huge market on a weekly basis. The menfolk work in the villages or migrate to the nearest towns for better income opportunities. The cities are far from the villages and often connectivity is poor. This makes it harder to ensure the families in Gujarat earn their daily income.

      Access to clean sanitation still remains a challenge, with several families resorting to open defecation even today. 41 women seek a loan from VAMA. The organization has been striving to liberate these rural women from chronic poverty through its various developmental interventions and activities concentrated on sanitation, education and livelihood related issues.

      Nombre de la empresaVAMA
      Director generalSiddharth Verma
      Fundado1998-01-01
      UbicaciónMadhya Pradesh
      SectorServicios financieros
      Volumen de negocio€4,359,228.75
      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.

      • Con esta inversión se mejoran 205 vidas
      • Este préstamo se utilizará para construir 41 aseos.

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