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 seeds, fertilizers, pesticides etc for sweet corn, turmeric, millets, and maize cultivation
Kemsivanan, a 45-year-old married man from Coimbatore district, Tamil Nadu, earns his livelihood through farming. He cultivates a variety of crops, including sweet corn, turmeric, tapioca, millets, and maize, which serve as the primary source of income for his family. Through his hard work and experience, he has been able to sustain his agricultural activities and support his household. To improve his farm's productivity and expand cultivation, Kemsivanan has applied for a loan of INR 2,00,000 from Velicham, a field partner of Mila... Read more