funding gap emerging markets
India

Milaap

  • Milaap
  • Local partner investment
  • + 260 other investors
  • 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
    Amount
    3.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€85,200
    Interest3.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 14 days on 15 May 2020.
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      Invest from €50
      Average investment
      Based on all Lendahand historical investments
      Complete funding
      Project will be fully funded

      Summary

      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, 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.

       

      Company nameMilaap
      CEOMayukh Choudhury
      Founded2010-01-01
      LocationBangalore
      SectorFinancial services
      Turnover€842,469
      Employees80

      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.

      • With this investment 5 jobs are created
      • With this investment 50 people are reached

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      We have already contributed for Milaap

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      260
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