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funding gap emerging markets
India

Grameen Shakti 1

  • Milaap
  • Invertir en microfinanzas
  • + otros 55 inversores
  • With a loan of EUR 32,150 around 71 women can expand their businesses in order to improve their position in the economy.

    €32,150
    Importe
    3.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€32,150
    Interés3.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 4 díasen 24 Junio 2019.

      El proyecto

      India is still home to several tribal people who have not been introduced to the lifestyle of the modern world. Such a population lives in the Burdwan region of Bengal. They are known mainly for their skills in weaving saris which is famous across India, knitting, pottery, fish farming, etc.

      The households consist of five members on 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 71 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
      Fundado2017-09-15
      UbicaciónWest Bengal
      SectorServicios financieros
      Volumen de negocio€4,244,855.07
      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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