funding gap emerging markets

Velicham Finance Private Limited 2

  • Milaap
  • Investissement via un partenaire local
  • + 43 autres investisseurs
  • With a loan of EUR 17,800 Velicham Finance will be able to support around 50 families in the district of Thiruvarur.

    17 800 €
    24 mois
    6 mois
    Montant17 800 €
    Maturité24 mois
    Remboursements6 mois
      Entièrement financé en 8 heures sur 11 Avril 2019.
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      Investir à partir de 10 €
      Investissement moyen
      Basé sur l'historique de tous les investissements sur Lendahand
      Financement complet
      Le projet sera entièrement financé


      The district of Thiruvarur is situated at the tail end of the Cauvery Delta and it is also a coastal district. Here, most of the crop production is only from paddy and in comparison, and the income from agriculture is low in comparison with other occupations. Women engage in animal rearing, masala-making, dairy businesses, etc in their local area.

      The average monthly income of such families is less than $60. The women in Thiruvarur want to take the responsibility of earning for their household to support their children, secure their livelihood and future. Hence, Velicham has been helping out such women borrowers and their families in Thiruvarur by providing them with loans. Through this project, these rural communities of Thiruvarur will benefit socioeconomically.

      Nom de l’entrepriseVelicham Finance Private Limited 2
      PDGNagarajan Bharathi
      LieuTamil Nadu
      SecteurFinancial services
      Chiffre d'affaires2 568 882,75 €


      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.


      Related blog articles

      Many Milaap projects support female entrepreneurs in India. Learn more here on how female entrepreneurs are driving GDP growth worldwide.

      • Grâce à cet investissement 5 emplois sont créés
      • Avec cet investissement 177 sont améliorées

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      Nous avons déjà contribué à Velicham Finance Private Limited 2

      Jan de Wit
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