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 purchase agricultural equipment and expand farming activities
Philachon, a 50-year-old married woman from Ukhrul district in Manipur, lives with her family of three. Her household earns approximately INR 22,000 per month. She leads a group of 38 women who work hard to support their families and save regularly for a more secure future. Philachon believes that increasing their income and gaining greater financial independence will help her group become self-reliant and improve their families’ well-being. However, limited financial resources have prevented her from pursuing her dream of starting... Read more
Purpose : To expand her clothing business
Thakorvijyaben is a 43-year-old married woman from Ahmedabad, Gujarat, who runs a small clothing business to support her family of six. She sells ready-made garments, including ladies’ dress materials, sarees, blouses, and other women’s apparel in her local community. Through her hard work, she contributes to a monthly household income of approximately INR 35,000. Despite her consistent efforts, the current income is not sufficient to ensure long-term financial stability for her family. To enhance her earnings, Thakorvijyaben plans... Read more
Purpose : To expand her paddy business by increasing inventory
Resma, a 40-year-old married woman from North 24 Parganas district in West Bengal, supports her family's livelihood through her husband's paddy trading business, which is their primary source of income. Her husband purchases paddy from local farmers and sells it in the market. Through his experience, commitment to quality, and reliable service, he has built a strong reputation and earned the trust of his customers. To expand the business, Resma and her friend have applied for a group loan of INR 120,000 from WeGrow, a field partner... Read more
Purpose : To purchase seeds, fertilizers, pesticides etc for paddy, mustard, jute and vegetables cultivation
Mampi is a 30-year-old married woman from Jalpaiguri, West Bengal, living with her family of four. Her husband cultivates paddy, mustard, jute, and vegetables on their farmland and earns a modest income by selling the produce in local markets. However, their current earnings are insufficient to provide long-term financial security for the family. To enhance their livelihood, Mampi and her husband plan to expand their farming activities by increasing the scale of cultivation of paddy, mustard, jute, and vegetables. In support of thi... Read more
Purpose : To purchase seeds, fertilizers, pesticides etc for paddy, mustard, jute and vegetables cultivation
Zahana, a 55-year-old married woman from Kishanganj, Bihar, lives with a family of five. Her husband cultivates paddy, mustard, jute, and vegetables on their farmland, earning a modest income by selling the produce in local markets. However, their current earnings are not enough to ensure long-term financial stability for their family. To improve their livelihood, Zahana and her husband have decided to expand into large scale cultivation of paddy, mustard, jute, and vegetables. To support this plan, Zahana, along with her friends s... Read more
Purpose : To expand tea stall by adding more snacks and supplies
Sukma, a 31-year-old woman from a small village in Katihar district, Bihar, runs a tea stall alongside her husband. Together, they work diligently to provide for their family and support their children education. Their stall, known for its variety of teas, earns about INR 19,000 per month. In addition to tea, they serve biscuits, cakes, and other snacks, attracting travelers seeking refreshment, especially during the busy morning and evening hours. To expand their menu and increase their earnings, Sukma along with her friends, is s... Read more
Purpose : To expand paddy business by increasing stock of paddy
Abida, a 32-year-old housewife, lives in Purba Bardhaman district of West Bengal with her husband and two children. Her husband is involved in the paddy selling business, which is the family's sole source of income. He purchases various types of paddy from local farmers and sells them in the local market. With his experience in the business and his commitment to maintaining high product quality, he has earned goodwill in the community, and his customers are satisfied with his products and service. Now, he plans to increase the stoc... Read more
Purpose : To expand her clothing business.
Mira is a 50-year-old married woman from Purba Bardhaman, West Bengal. She operates a clothing business to support her family, selling a variety of readymade clothes including sarees, blouses, dresses, churidars, kurtis, leggings, and handkerchiefs. Her household consists of four members with a monthly income of INR 20,000. To increase her household income and expand her clothing business, Mira has applied for a loan of INR 335,000 from Grameen Shakti, one of Milaap's field partners. She plans to use the funds to purchase more dres... Read more
Purpose : To expand paddy business by increasing stock of paddy
Shami is a 40-year-old married woman from Katihar district, Bihar, who lives with her husband and two children. Her husband runs a paddy trading business, purchasing paddy from local farmers and selling it in the local market. The business is the family’s primary source of income. To help expand the business, Shami has joined hands with her friends from the village and applied for a group loan of INR 170,000 from Grameen Shakti, a field partner of Milaap. She will use her share of the loan to purchase additional paddy and increase ... Read more
Purpose : To expand her grocery business by purchasing more grocery items
Shanmuni is a 45-year-old married woman residing in Dinajpur district, West Bengal. She runs a small grocery store where she sells essential items such as sugar, rice, pulses, tea, salt, wheat, cooking oil, and other household products. She lives in a household of four, including school-going children, and her family has a monthly income of approximately INR 18,000. To expand her business and meet the growing demand in her local market, Shanmuni plans to purchase larger quantities of sugar, rice, tea, and other essential grocery it... Read more