MLINDA
- Geography: West Bengal
- Cause: Energy
- Partner since: Jul 14, 2014
- Type of Partnership (?): Comprehensive
About MLINDA
The Mlinda Foundation is a not-for-profit organization created in 2005 to promote economic growth that positively impacts the environment. In India, Mlinda partners with the Ministry of New and Renewable Energy (MNRE), The Energy and Resource Institute (TERI), and National Bank for Agriculture and Rural Development (NABARD) on financially viable, ready-to-deploy, open-source clean-energy projects that leverage solar power. One of these projects involves democratizing energy supply by installing affordable, community-owned solar mini-grids in the Sundarbans and Purulia, West Bengal. Rural communities can form Joint Loan Groups (JLGs) and borrow 5-year loans to pay for these installations. Milaap’s partnership with Mlinda enables these rural JLGs to access affordable loans with the support of Milaap’s lending community.
Total amount disbursed
Rs.22,050,000
Loans given
331
Repayment rate
98 %
