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funding gap emerging markets
India

Milaap

  • Milaap
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  • With this loan of EUR 85,200 local partner Milaap will be able to provide working capital to around 170 women entrepreneurs via their network of fieldpartners.

    €85,200
    Importe
    3.50%
    Interés
    24 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€85,200
    Interés3.50%
    Vencimiento24 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 14 díasen 15 Mayo 2020.

      El proyecto

      Warning

      In the coming period there are different conditions for this partner. 

      • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
      • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
      • Repayments occur after 12, 18 and 24 months, not after 6 months (grace period).

      Information document issuing company (NL)

      Information note issuing company (BE)

      With this loan of EUR 85,200 local partner Milaap will be able to provide working capital to 170 women entrepreneurs via their fieldpartners. It concerns mainly women with a weaving enterprise, a little shop or handicrafts.

      Milaap partners with a range of organizational types, including microfinance institutions (MFIs), vocational training institutes, artisan supply chains and other mission-driven social businesses. See https://milaap.org/field-partners/

      These organizations, referred to as 'Field Partners', are an important part of Milaap's ecosystem. All potential partners have a strong social mission and a demonstrated commitment to serving the needs of the poor and excluded.

       

      Nombre de la empresaMilaap
      Director generalMayukh Choudhury
      Fundado2010-01-01
      UbicaciónBangalore
      SectorServicios financieros
      Volumen de negocio€842,469
      Empleados80

      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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