Online Lending to India through Milaap.org
Online lending is becoming one of the most popular ways to do good for people looking to make a sustainable impact and raise their peers out of poverty. This kind of lending, from person to person via an online platform, is known as peer to peer lending. Several organizations provide this service to India, for example, Kiva.org, Milaap.org and Rangde.org.
Milaap.org is the first online platform that enables people from both within and outside India to make online loans to India. These loans aim to serve basic needs like water, sanitation and education, and to provide vocational training and enterprise development. 100% goes to the borrower and 100% comes back to you! You can withdraw the amount or re-lend it to another borrower.Try it!
How you and Milaap can make a difference
Milaap is a social enterprise that enables people around the world to give a loan to the working poor in India. Based out of Bangalore and Singapore, Milaap's loans are aimed towards providing people with access to basic essentials like clean drinking water, sanitation, renewable energy, vocationa ltraining with guaranteed jobs, apart from enterprisedevelopment. As of August 2012, Milaap has disbursed USD 530,000 in loans and with a 100% repayment rate in two years since its inception.
Some borrowers in need of loans
Malabai Kamble and Group : To expand banana business
Hailing from Belgaum, Laxmavva, Malabai, Mahadevi and Padavva request a loan of Rs 60,000. The four women have borne the brunt of a prevalent social tradition which has its roots in ancient India..