Varthana, founded in Bangalore in 2012, connects affordable private schools with resources to expand capacity and improve education quality. Self-sustaining for years, these schools are now packed to capacity, and need funds to improve infrastructure. Banks do not lend to them, because they lack sufficient financial records. Milaap partners with Varthana to address this problem by providing low-cost capital to affordable private schools from low-income neighborhoods. These schools need funds for repairs, benches, computers, laboratories, libraries, etc. Milaap has partnered with a management team that is a strong solution provider in this sector – it hedges the risks associated with affordable private schools through proven techniques and field assessments.
Total amount disbursed