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funding gap emerging markets
Inde

Milaap

  • Milaap
  • Investir dans la microfinance
  • + 260 autres investisseurs
  • With this loan of EUR 85,200 local partner Milaap will be able to provide working capital to around 170 women entrepreneurs via their network of fieldpartners.

    €85 200
    Montant
    3,50%
    Intérêt
    24 mois
    Maturité
    6 mois
    Remboursements
    EUR
    Devise
    Montant€85 200
    Intérêt3,50%
    Maturité24 mois
    Remboursements6 mois
    DeviseEUR
      100%
      Entièrement financée en 14 jours sur 15 Mai 2020.

      Le projet

      Warning

      In the coming period there are different conditions for this partner. 

      • The interest rate has been temporarily increased by 0,5 percentage point to accommodate the growing uncertainty associated with COVID-19.
      • In addition, this investee is allowed - provided they continue to comply with the applicable covenants - to refinance future repayments to Lendahand investors with the funds raised from this project.
      • Repayments occur after 12, 18 and 24 months, not after 6 months (grace period).

      Information document issuing company (NL)

      Information note issuing company (BE)

      With this loan of EUR 85,200 local partner Milaap will be able to provide working capital to 170 women entrepreneurs via their fieldpartners. It concerns mainly women with a weaving enterprise, a little shop or handicrafts.

      Milaap partners with a range of organizational types, including microfinance institutions (MFIs), vocational training institutes, artisan supply chains and other mission-driven social businesses. See https://milaap.org/field-partners/

      These organizations, referred to as 'Field Partners', are an important part of Milaap's ecosystem. All potential partners have a strong social mission and a demonstrated commitment to serving the needs of the poor and excluded.

       

      Nom de l’entrepriseMilaap
      PDGMayukh Choudhury
      Création2010-01-01
      LieuBangalore
      SecteurServices financiers
      Chiffre d'affaires€842 469
      Employés80

      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, 5 emplois sont créés
      • Cet investissement permet d'améliorer les conditions de vie sur le site 50

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