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funding gap emerging markets
India

VAMA 7

  • Milaap
  • Invertir en microfinanzas
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  • With a loan of EUR 12,850 around 50 women will be able to purchase better seeds, fertilizers to strengthen their yield of crops.

    €12,850
    Importe
    3.00%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€12,850
    Interés3.00%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 2 díasen 22 Junio 2019.

      El proyecto

      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 laborers in 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 Madhya Pradesh earn their daily income.

      VAMA is an organization working in Madhya Pradesh since 1988 which has programs implemented for empowering women from such communities in Madhya Pradesh. They are taking the initiative to support and strengthen the small enterprises, boost agriculture started by women in these small villages. 

      50 women seek a loan for VAMA to purchase better seeds, fertilizers to strengthen their yield of crops.

      Nombre de la empresaMilaap
      Director generalSiddharth Verma
      Fundado1998-01-01
      UbicaciónMadhya Pradesh
      SectorServicios financieros
      Volumen de negocio€4,128,596.80
      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.

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