Mahashakti Foundation 3
With a loan of EUR 26,200 the Mahashakti Foundation can provide 600 houdeholds with solar lamps.
€26 200
3,00%
24 mois
6 mois
EUR
DeviseMontant | €26 200 |
Intérêt | 3,00% |
Maturité | 24 mois |
Remboursements | 6 mois |
Devise | EUR |
Le projet
One of the most financially poor States in India is Odisha- where 91% of the population resides in villages, and 39% belongs to tribal communities where the average daily income is below $1. Mahashakti Foundation covers six of the most underserved districts here.
Villages in these districts, such as Subarnapur despite being on the grid, face frequent power cuts on a daily basis. On any given day, there is no electricity for 4-5 hours. Naturally, this means that many more challenges for the residents. The most discernible of these include their inability to cook food post sunset, children having to finish up with their studies before 5 in the evening, hawkers packing up and the high expenditure on kerosene lamps. The lesser obvious ones include wild animals entering the village causing havoc and the sick not getting proper treatment due to lack of visibility. Against this backdrop, Mahashakti Foundation started a Solar Energy programme in 2012. Mahashakti builds and operates micro-grids, solar lights, charging stations and improved smoke-free cookstoves. Solar powered lighting has improved the general quality of life in the region. The beneficiaries have reduced expenses on traditional sources of lighting such as kerosene, increased economic activity through extension of working hours, fewer health issues arising from toxic kerosene and cow-dung fumes, and higher literacy rates as children can study after sunset.
Milaap partners with Mahashakti Foundation and Lendahand to bridge the need for financing to fund their projects. They currently need funds to take one step further and increase their reach to cover more energy deficient districts across the State. Milaap and Mahashakti Foundation are working towards making solar lighting affordable and available to households in rural Odisha. Through the current project, 600 families will gain access to a clean and efficient source of lighting- solar lanterns and help them overcome some of their current struggles.
Local partner Milaap provides a loan to the Mahashakti Foundation that must be repaid within 24 months.
Nom de l’entreprise | Milaap |
PDG | Jugal Kishore Pattnayak |
Création | 2004-01-01 |
Lieu | Odisha |
Secteur | Services financiers |
Chiffre d'affaires | €282 372,30 |
Employés | 203 |
Impact
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.
- Grâce à cet investissement 10 emplois sont créés
- Avec cet investissement 40 sont améliorées