Velicham Finance Private Limited 3

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India

Velicham Finance Private Limited 3

Milaap

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With a loan of EUR 13,250 Velicham Finance will be able to support around 37 families in the district of Thiruvarur.

€13,250

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€13,250
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 horasen 16 Julio 2019.

El proyecto

The district of Thiruvarur is situated at the tail end of the Cauvery Delta and it is also a coastal district. Here, most of the crop production is only from paddy and the income from agriculture is low in comparison with other occupations. Women engage in animal rearing, masala-making, dairy businesses, etc in their local area.

The average monthly income of such families is less than $60. The women in Thiruvarur want to take the responsibility of earning for their household to support their children, secure their livelihood and future. Hence, Velicham has been helping out such women borrowers and their families in Thiruvarur by providing them with loans. Through this project, these rural communities of Thiruvarur will benefit socioeconomically.

Nombre de la empresa	Milaap
Director general	Nagarajan Bharathi
Fundado	1984-01-01
Ubicación	Tamil Nadu
Sector	Servicios financieros
Volumen de negocio	€2,568,375.70
Empleados	43

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.