Milaap provides a global crowdfunding platform for interest-free lending. Milaap Social Ventures Pte Ltd and its subsidiaries do not originate or collect loans in India; that function is carried out by a partnering non-profit working with other non-profit micro-finance institutions and NBFC-MFIs at the grassroots. The partnering non-profit is authorised to bring overseas loan funds into India under the Reserve Bank of India’s External Commercial Borrowings (ECB) framework.
Lenders should see these loans as an engaging and innovative form of giving, without any financial expectation whatsoever. They should also note that Milaap loans are philanthropic and high-risk: you may lose some or all of your principal, defaults can occur, and any currency-exchange losses are your responsibility.
To know more please read the Milaap Lending Terms.
Purpose : To scale up her clothing business
Sikha, a 50-year-old married woman from Nadia in West Bengal, runs a small clothing business to support her family. She sells a variety of ready-made garments, including T-shirts, kerchiefs, trousers, vests, sarees, and ladies' dress materials. With a household of three and a monthly income of INR 25,000, Sikha is determined to improve her family's financial condition. To do so, she plans to expand her clothing business by increasing her inventory. She has applied for a loan of INR 60,000 from Grameen Shakti, one of Milaap’s fie... Read more
Purpose : To purchase paddy to expand her paddy business
Dipali, a 49-year-old woman from the village of Bindol in North Dinajpur district, West Bengal, lives with her family of three. With a monthly household income of INR 25,000 and savings of INR 19,000, she is determined to improve her family’s financial stability. Dipali wants to support her husband in expanding their paddy business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Dipali has applied for a loan of INR 60,000 from Gr... Read more
Purpose : To purchase paddy and rice to expand her business
Shandhya, a 36-year-old woman from the village of Bindol in North Dinajpur district, West Bengal, lives with her family of four. With a monthly household income of INR 25,000 and savings of INR 18,300, she is determined to improve her family’s financial stability. Shandhya wants to support her husband in expanding their paddy and rice business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Shandhya has applied for a loan of INR ... Read more
Purpose : To purchase paddy and rice to expand her business
Dulali, a 44-year-old woman from the village of Bindol in North Dinajpur district, West Bengal, lives with her family of three with a monthly household income of INR 25,000 and savings of INR 19,100. She is determined to improve her family’s financial stability. Dulali wants to support her husband in expanding their paddy and rice business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Dulali has applied for a loan of INR 60,000... Read more
Purpose : To expand a paddy and rice business
Dipti, a 22-year-old married woman, lives in a small village called Bindol in the North Dinajpur district of West Bengal. She wishes to support her husband in expanding their paddy and rice business. Her husband buys paddy directly from the fields, processes it, packs it, and sells it in the local market. With a household of five members, the family earns around INR 25,000 per month and manages to save about INR 17,900. To further improve their income, Dipti is seeking a loan of INR 60,000 through Grameen Shakti, a field partner of... Read more
Purpose : To purchase paddy, rice to expand paddy business.
Gitarani lives in a small village called Bindol in the North Dinajpur district of West Bengal. She wishes to support her husband in expanding their paddy and rice business. Her husband buys paddy directly from the fields, processes it, packs it, and sells it in the local market. With a household of four members, the family earns around INR 25,000 per month and manages to save about INR 18,800. To further improve their income, Gitarani is seeking a loan of INR 60,000 through Grameen Shakti, a field partner of Milaap. With your su... Read more