Milaap

Indija

Milaap

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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

Iznos

3.50%

Kamata

24 mjeseci

Dospiće

6 mjeseci

Otplata

EUR

Valuta

Iznos	€85,200
Kamata	3.50%
Dospiće	24 mjeseci
Otplata	6 mjeseci
Valuta	EUR

100%

Potpuno financirano u 14 danana 15 May 2020.

Projekt

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.

Naziv tvrtke	Milaap
Izvršni direktor	Mayukh Choudhury
Osnovan	2010-01-01
Lokacija	Bangalore
Sektor	Financijske usluge
Promet	€842,469
Zaposlenici	80

Utjecaj

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 Sustainable Development Goals. Read more about the impact you can make through our platform and the SDGs on our impact page.