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funding gap emerging markets
India

Blaze Trust 2

  • Milaap
  • Invertir en microfinanzas
  • + otros 35 inversores
  • With a loan of EUR 10,700 Blaze Trust will provide 45 mothers education loans to fund their children’s tuition fees en books.

    €10,700
    Importe
    3.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€10,700
    Interés3.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 2 horasen 20 Septiembre 2018.

      El proyecto

      The people of 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 Blaze Trust, will provide 45 mothers from Coimbatore education loans- to fund their children’s tuition fees, stationery needs, textbooks, school uniform etc. 

      Local partner Milaap provides a loan to Blaze Trust that must be repaid in 24 months.

      Nombre de la empresaMilaap
      Director generalV. Sharavanakumar
      Fundado2003-01-01
      UbicaciónTamil Nadu
      SectorServicios financieros
      Volumen de negocio€2,490,848.32
      Empleados47

      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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