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 expand her fish-selling business
Sonali, a 36-year-old mother from North 24 Parganas, West Bengal, lives with her husband and a school-going son. She leads a group of two hardworking women from her locality, both striving to grow their small businesses. Together, they are seeking a loan of INR 85,000 from WeGrow, one of Milaap’s field partners. Sonali earns her livelihood by selling fish in the local market. Despite a modest household income of INR 25,000 per month, her business has potential. She maintains the quality of her stock and stores any unsold fish in a ... Read more
Purpose : To purchase a sewing machine to expand business
Arpita is a 39-year-old married woman residing in the North 24 Parganas district of West Bengal. She is engaged in the tailoring business. She stitches clothes such as kurtis, salwar suits, and other garments. She has a household of three members and a household monthly income of INR 25,000. She wants to purchase a new sewing machine and a kit of needles, thread rolls, buttons, etc, to expand her tailoring business. She has applied for a group loan of INR 100,000 from WeGrow, one of Milaap's field partners. She leads a group of two wo... Read more
Purpose : To purchase a sewing machine to expand business
Moinarani is a 32-year-old married woman residing in the Kishanganj district of Bihar. She is engaged in the tailoring business. She stitches clothes such as kurtis, salwar suits, and other garments. She has a household of four members and a household monthly income of INR 25,000. She wants to purchase a new sewing machine and a kit of needles, thread rolls, buttons, etc, to expand her tailoring business. She has applied for a group loan of INR 155,000 from WeGrow, one of Milaap's field partners. She leads a group of four women. All o... Read more
Purpose : To expand her brick business by purchasing more raw materials for making bricks
Papiya, a 31-year-old resident of the North 24 Parganas district in West Bengal, lives with her family of four and has a monthly household income of INR 25,000. Papiya and her husband runs a brick-making business and dreams of expanding it to improve thier family’s financial stability. To turn this dream into reality, Papiya plans to purchase more raw materials for brick production, enabling her to supply bricks for construction purposes and meet growing customer demand. To support this expansion, she has applied for a loan of INR ... Read more
Purpose : To purchase seeds, fertilizers, pesticides etc for paddy cultivation
Rinki lives with her family of three in the Cooch Behar district of West Bengal. Her household is comprised of herself, her husband, and her son. Both she and her husband work in the agricultural fields and take care of cultivation on the land. Together they make a monthly income of INR 25,000. This is not enough for them to sustain their family of three. Thus, they want to expand the paddy cultivation, for which they will need to purchase more seeds and fertilizer from the local market. Rinki is joined by two other women in applying ... Read more
Purpose : To purchase seeds, fertilizers, pesticides etc for paddy, jute, corn and banana cultivation
Mamata, a 27-year-old married woman from the Cooch Bihar district of West Bengal, lives with her family of four. She and her husband are farmers, working together to cultivate their land. Despite their efforts, their combined monthly income of INR 25,000 is insufficient to meet their family's needs. To improve their livelihood, they plan to expand their cultivation of paddy, jute, corn, and bananas. However, they need additional resources such as seeds, banana saplings, manure, pesticides, and fertilizers, which must be purchased f... Read more
Purpose : To purchase coolers, fans, motors, etc, in order to expand electrical shop business
Makranirubina, a 36-year-old married woman from a small village in Surendranagar district, Gujarat, runs an electrical store alongside her husband. They sell items such as coolers, fans, motors, and other electrical appliances to customers in their community. She lives in a joint household of eight and is also a devoted mother to four children. While the store provides a steady income, it is just enough to cover the family’s daily needs. To grow the business and improve her family’s financial situation, Makranirubina hopes to expan... Read more