Velicham Finance Private Limited 2

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Inde

Velicham Finance Private Limited 2

Milaap

Investir dans la microfinance

+ 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

Montant

3,00%

Intérêt

24 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€17 800
Intérêt	3,00%
Maturité	24 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 8 heures sur 11 Avril 2019.

Le projet

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’entreprise	Milaap
PDG	Nagarajan Bharathi
Création	1984-01-01
Lieu	Tamil Nadu
Secteur	Services financiers
Chiffre d'affaires	€2 568 882,75
Employés	43

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.