Grameen Shakti 1

Indland

Grameen Shakti 1

Milaap

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With a loan of EUR 32,150 around 71 women can expand their businesses in order to improve their position in the economy.

€32,150

Upphæð

3.00%

Áhugi

24 mánuðir

Gjaldagi

6 mánuðir

Endurgreiðslur

EUR

Gjaldmiðill

Upphæð	€32,150
Áhugi	3.00%
Gjaldagi	24 mánuðir
Endurgreiðslur	6 mánuðir
Gjaldmiðill	EUR

100%

Fullfjármagnað á 4 dögumá 24 June 2019.

Verkefnið

India is still home to several tribal people who have not been introduced to the lifestyle of the modern world. Such a population lives in the Burdwan region of Bengal. They are known mainly for their skills in weaving saris which is famous across India, knitting, pottery, fish farming, etc.

The households consist of five members on average. The women are typically engaged in the small businesses their husbands run which include small tea shops, grocery stores, bidi-making enterprises, etc. The average household sees earnings not more than $88-$94 every month. Children go to school in nearby government schools for which they travel long distances. Due to financial constraints or the pressure of domestic chores, a lot of these students drop out. Regardless of all their problems, the community remains vibrant and has a strong sense of brotherhood.

With this loan around 71 women are able to achieve an improved position in the economy, by expanding their businesses.

Local partner Milaap will provide the loan, which has to be repaid in 24 months.

Fyrirtækjanafn	Milaap
For the term "CEO," the appropriate translation in Icelandic is "forstjóri."	Ganesh Modak
Stofnað	2017-09-15
Staðsetning	West Bengal
Geiri	Fjármálaþjónusta
Velta	€4,244,855.07
Starfsfólk	82

Áhrif

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.