STEP 7

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India

STEP 7

Milaap

Invertir en microfinanzas

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With a loan of EUR 23,150 around 92 women are able to achieve an improved position by expanding their businesses.

€23,150

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€23,150
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 20 Julio 2019.

El proyecto

Kolkata is the capital of West Bengal. Kolkata has many suburbs around the main city where everyone struggles to survive. Those areas are known mainly for their skills in weaving saris which is famous across India, weaving saris, knitting, pottery, fish farming etc.

The households consist of five members on an 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.

The local partner, STEP along with the partnership with Milaap will provide the loan to the women to enhance their business to pave a better future for their families, which has to be repaid in 24 months.

Nombre de la empresa	Milaap
Director general	Abhijit Bera
Fundado	2010-01-01
Ubicación	West Bengal
Sector	Servicios financieros
Volumen de negocio	€5,252,879.83
Empleados	52

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.