Chanura Microfinance 2

With EUR 14,000 around 50 woman can purchase raw materials like threads, buttons and upgrade their weaving rooms.

funding gap emerging markets

Le projet

Manipur is one of the ‘seven sisters’ in the Northeastern region of India. The state is breathtakingly beautiful but happens to be one of the most impoverished states in the country. The region has had a very volatile history, and continues to be fraught with problems relating to insurgency. Against this backdrop, Manipur houses several underserved communities- majority of which have tribal ancestry. The area lacks even basic infrastructure in some places.

Although it is home to more than 33 different ethnic groups, there is a perpetual breakdown of law and order. As social peace is not assured in this volatile region, Manipur finds it difficult to attract investment in the region due to rapidly rising ethnic violence. However, with abundant natural resources like lush hills and plenty of rivers, the state holds much promise in traditional cottage industries and tiny village based units that are critical to provide employment. 

Weaving is the biggest industry in Manipur. One of the most special features of this sector is that Manipuri weaving is entirely the work of women. It is considered a part of their domestic duties. They make a remarkable contribution to this sector. There are unique embroidery and weaving styles such as  Moiraingphee, Leirum, Lasingphee and Phanek.

Chanura has recognized the importance and influence of women workforce who have the skills for this beautiful art of intricate designing. Presently, about 35% of the total clients of Chanura are weavers. This craft is so rich, that it takes time and dedication to preserve it. Nearly one in four households is headed by women today- with weaving being the primary source of income for them.

Currently, 50 women from Imphal East in Manipur are seeking a loan to invest in their respective weaving enterprises. Through this loan, they will be able to purchase raw materials such as threads, buttons and upgrade/repair their weaving looms.

Milaap

PDG
P.K Khuman
Création
2007-01-01
Lieu
Manipur
Secteur
Services financiers
Chiffre d'affaires
€161 215,26
Employés
38
€14 000collecté
Entièrement financée en 2 jours sur 5 Mai 2017.
35investisseurs
Investir dans la microfinance
€14 000
Objectif
3.0
%
Intérêt
24
mois
Maturité
6
mois
Remboursements
A
B
C
D
E
Cote de crédit

Impact

5
Emplois créés
20
Vies améliorées

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.