funding gap emerging markets
Inde

Velicham Finance Private Limited 4

  • Milaap
  • Investissement via un partenaire local
  • + 25 autres investisseurs
  • With a loan of EUR 15,450 Velicham Finance will be able to support around 43 families in the district of Thiruvarur.

    15 450 €
    Montant
    3,00%
    Intérêt
    24 mois
    Maturité
    6 mois
    Remboursements
    EUR
    Devise
    Montant15 450 €
    Intérêt3,00%
    Maturité24 mois
    Remboursements6 mois
    DeviseEUR
      100%
      Entièrement financé en 1 heure sur 6 Novembre 2019.
      Choisir le montant
      Investir à partir de 50 €
      Investissement moyen
      Basé sur l'historique de tous les investissements sur Lendahand
      Financement complet
      Le projet sera entièrement financé

      Résumé

      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 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 4
      PDGNagarajan Bharathi
      Création1984-01-01
      LieuTamil Nadu
      SecteurAgriculture
      Chiffre d'affaires2 596 255 €
      Employés43

      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.

       

      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 3 emplois sont créés
      • Avec cet investissement 43 sont améliorées

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      Nous avons déjà contribué à Velicham Finance Private Limited 4

      Ron van Eijk
      + et autre
      25
      investisseurs