Volunteers for Development 2

With EUR 32,900 some 142 women are able to purchase threads, buttons and other materials to expand their weaving businesses.

funding gap emerging markets
Milaap
Selskap
India
Land

Prosjektet

Read the information document of the issuer here.

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. Volunteers for Village Development 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 Volunteers for Village Development 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, 142 women from Ukhrul 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.

Local partner Milaap provides the loan, which has to be paid back in 24 months. 

Milaap

ADMINISTRERENDE DIREKTØR
Yuireihor Khaleng
Grunnlagt
2007-01-01
Beliggenhet
Manipur
Sektor
Finansielle tjenester
Omsetning
€2,937,676.72
Ansatte
32
€32,900hevet
Fullt finansiert på 7 dager på 21 Desember 2017.
89investorer
Invester i mikrofinans
€32,900
mål
3.0
%
Interesse
24
måneder
Modenhet
6
måneder
Tilbakebetalinger
A
B
C
D
E
Kredittpoeng

Påvirkning

4
Skapte arbeidsplasser
16
Forbedrede liv

Milaap er den største crowdfunding -plattformen i India, og muliggjør historier om håp, mot og forandring. De tilbyr kredittjenester til fattige og ekskluderte for å hjelpe dem til å arbeide seg ut av fattigdom.

Milaap De samarbeider med en rekke kredittverdige feltpartnere som har et sterkt sosialt engasjement. De gir lån til energiprosjekter, vanntilgang, leverandørkjeder for håndverkere og mer, hovedsakelig i landlige områder. Mange av prosjektene deres styrker kvinnelige entreprenører, og gir hovedsakelig arbeidskapital til kvinner som driver med veving, små butikker eller kunsthåndverk.

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