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
Företag
Indien
Land

Projektet

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

VD
Yuireihor Khaleng
Grundat
2007-01-01
Plats
Manipur
Sektor
Finansiella tjänster
Omsättning
€2,937,676.72
Anställda
32
€32,900upphöjd
Fullt finansierat på 7 dagarpå 21 December 2017
89investerare
Investeringar från lokala partner
€32,900
Finansieringsmål
3.0
%
Intresse
24
månader
Löptid
6
månader
Återbetalningar
A
B
C
D
E
Kreditvärdighet

Påverkan

4
Skapade jobb
16
Liv som förbättrats

Milaap är den största crowdfunding plattformen i Indien, som möjliggör berättelser om hopp, mod och förändring. De tillhandahåller kredittjänster till fattiga och utslagna för att hjälpa dem att arbeta sig ur fattigdom.

Milaap De samarbetar med en rad kreditvärdiga fältpartners som har en stark social mission. De beviljar lån för energiprojekt, vattentillgång, leverantörskedjor för hantverkare och mycket mer, främst på landsbygden. Många av deras projekt stärker kvinnliga entreprenörer, främst genom att tillhandahålla rörelsekapital till kvinnor med väverier, småbutiker eller hantverk.

SDGpåverkade

Med detta projekt bidrar du till de globala målen för hållbar utveckling. Läs mer om den påverkan du kan göra genom vår plattform och SDGs på vår sida om påverkan.

SDG Goals