Volunteers for Development 9

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India

Volunteers for Development 9

Milaap

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With this loan of EUR 25,750 some 86 women in Manipur can expand their weaving mill and purchase more materials.

€25,750

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€25,750
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 2 díasen 16 Junio 2019.

El proyecto

The Manipur region in northeastern India is breathtakingly beautiful, but it is one of the poorest states in the country. The region has a troubled history and accommodates 33 different ethnic groups. Due to the social unrest in the region, the state has difficulty attracting investors. But with natural resources in abundance, the area offers a lot of perspectives. Traditional activity, in particular, offers many opportunities for employment.

Weaving is one of the largest industries in Manipur, in which mainly women are active. Volunteers for Village Development, one of the field partners of local partner Milaap, focuses on strengthening this sector. At present, around 35% of Volunteers for Village Development's total customer base consists of weaving mills.

Local partner Milaap provides the loan. This must be paid off in 24 months.

Nombre de la empresa	Milaap
Director general	Yuireihor Khaleng
Fundado	2017-01-01
Ubicación	Imphal
Sector	Servicios financieros
Volumen de negocio	€2,628,151.51
Empleados	32

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.