Saath Mahila 10
With EUR 12,300 around 30 women can expand their farming business, tailoring, saree, broom, grocery, animal husbandry, and other businesses.
€12,300
3.50%
12 months
6 months
EUR
CurrencyAmount | €12,300 |
Interest | 3.50% |
Maturity | 12 months |
Repayments | 6 months |
Currency | EUR |
The project
Warning
In the coming period there are different conditions for this partner. More information can be found here.
- 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 months, not after 6 months (grace period).
Information document issuing company (NL)
Information note issuing company (BE)
The primary occupation in villages in rural Gujarat remains as agriculture and animal husbandry. The dominant agricultural produce of the State includes cotton, groundnuts (peanuts), dates and sugarcane. The climate conditions here remain harsh and often women, who work as labourers on these fields, spend their days on the field so they can earn for their families. Mostly, the households these women take care of is comprised of 5 members, and they sustain on an average monthly income of $95. Apart from farming, women engage in sewing, tailoring, snacks making, accessories business, etc.
Saath Mahila is an NGO based in Ahmedabad, Gujarat. Saath Mahila closely works with the vulnerable communities and empowers the socially marginalized by providing them livelihood linkages, imparting skills leading to employment, health and education facilities. The focus areas of Saath are livelihoods, skill development, health and education, rights, urban governance, financial inclusion, rehabilitation and resettlement, and other community development initiatives.
The cities are far from the villages and often connectivity is poor. This makes it harder to ensure the families in Gujarat earn their daily income. As a result, women want to begin their own small enterprises to add to their household income and, support their children’s education against all odds. Saath Mahila has empowerment programs for rural women across Gujarat.
Company name | Milaap |
CEO | Shyam Prakash Singh |
Founded | 2012-06-11 |
Location | Gujarat |
Sector | Financial services |
Turnover | €1,208,286 |
Employees | 30 |
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.
- With this investment 3 jobs are created
- With this investment 150 lives are improved