1er investissement ? 500 € garantis avec le code GOODSTART.
En savoir plus
funding gap emerging markets
Inde

Mahashakti Foundation 3

  • Milaap
  • Investir dans la microfinance
  • + 63 autres investisseurs
  • With a loan of EUR 26,200 the Mahashakti Foundation can provide 600 houdeholds with solar lamps.

    €26 200
    Montant
    3,00%
    Intérêt
    24 mois
    Maturité
    6 mois
    Remboursements
    EUR
    Devise
    Montant€26 200
    Intérêt3,00%
    Maturité24 mois
    Remboursements6 mois
    DeviseEUR
      100%
      Entièrement financé en 8 jours sur 6 Décembre 2016.

      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’entrepriseMilaap
      PDGJugal Kishore Pattnayak
      Création2004-01-01
      LieuOdisha
      SecteurServices financiers
      Chiffre d'affaires€282 372,30
      Employés203

      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

      Pardon! Vous devez être connecté pour voir cette page.

      Pardon! Vous devez être connecté pour voir cette page.

      Pardon! Vous devez être connecté pour voir cette page.

      Pardon! Vous devez être connecté pour voir cette page.

      Pardon! Vous devez être connecté pour voir cette page.

      Nous avons déjà contribué à Mahashakti Foundation 3

      Peter Boot
      Marcel Linssen
      Edwin Tofield
      Elke Krekels
      Gert Baas
      + et autre
      63
      investisseurs