STEP 13

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India

STEP 13

Milaap

Invertir en microfinanzas

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With a loan of EUR 31,100 the STEP organization can help 78 women to expand their businesses.

€31,100

Importe

3.00%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€31,100
Interés	3.00%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 26 Marzo 2020.

El proyecto

Kolkata is the capital of West Bengal. Kolkata has many poor neighborhoods where people do their best to survive. Many women in these neighborhoods have focused on weaving fabrics, sewing and tilling land.

Most families consist of 5 people. The average income is around $ 90 a month. Children often have to travel great distances to go to school. Still, many families manage to keep their heads above water by making and selling products.

Local partner Milaap is the borrower and provides the financing to STEP.

Nombre de la empresa	Milaap
Director general	Abhijit Bera
Fundado	2010-01-01
Ubicación	West Bengal
Sector	Servicios financieros
Volumen de negocio	€5,499,606
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.