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 procure paddy and rice and scale up her business
Shiromani, a 36-year-old woman from Tungidighi village in North Dinajpur district, West Bengal, lives with her family of five. With a household income of INR 25,000 per month, she is determined to improve her family’s financial stability. She wants to support her husband in expanding their paddy business. Her husband purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow this venture and increase their earnings, Shiromani has applied for a loan of INR 60,000 from Grameen Shakti, ... Read more
Purpose : To expand her paddy dust business
Taro, a 35-year-old woman from North Dinajpur district of West Bengal, lives with her husband and a son. To support her family, she is engaged in the paddy dust business. Paddy dust, which is a by-product of paddy processing, is in demand as cattle feed and for other purposes in the local market. Taro and her husband collect paddy dust from mills, pack it, and sell it to nearby vendors and farmers. This small business provides income for the household, but their earnings are limited and not enough to cover household expenses and sa... Read more
Purpose : To buy paddy and rice to grow her business
Mamuni, a 34-year-old woman from the village of Tungidighi in North Dinajpur district, West Bengal, lives with her family of five. With a monthly household income of INR 25,000 and savings of INR 16,700, she is determined to improve her family’s financial stability. Mamuni wants to support her husband in expanding their paddy and rice business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Mamuni has applied for a loan of INR 60... Read more
Purpose : To purchase paddy and rice to expand her business
Dekhan, a 36-year-old woman from the village of Tungidighi in North Dinajpur district, West Bengal, lives with her family of six. With a monthly household income of INR 25,000 and savings of INR 17,700, she is determined to improve her family’s financial stability. Dekhan wants to support her husband in expanding their paddy and rice business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Dekhan has applied for a loan of INR 60,... Read more
Purpose : To expand jute business by purchasing more stock of it
Jayanti, a 29-year-old woman from North Dinajpur district in West Bengal, lives with her family of four. Together with her husband, she is engaged in the jute business, which contributes to their monthly household income of INR 25,000. To expand their business, Jayanti has applied for a loan of INR 50,000 from Milaap’s field partner, Grameen Shakti. The loan will be utilized to purchase additional stock of jute from the wholesale market and manufacture ropes, sacks, bags, and other products for sale in the local market. This fin... Read more
Purpose : To buy paddy and rice to grow her business
Mariam, a 54-year-old woman from the village of Tungidighi in North Dinajpur district, West Bengal, lives with her family of five with a monthly household income of INR 25,000 and savings of INR 17,400. She is determined to improve her family’s financial stability. Mariam wants to support her husband in expanding their paddy and rice business. He purchases paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their income, Mariam has applied for a loan of INR 60,... Read more
Purpose : To purchase paddy to expand her paddy business
Sahena, a 39-year-old woman from Raiganj village in North Dinajpur district, West Bengal, lives with her family of five. With a monthly household income of INR 25,000 and savings of INR 18,100, she is determined to improve her family’s financial stability. She wishes to support her husband in expanding their paddy business. He buys paddy directly from the fields, processes and packs it, and sells it in the local market. To grow the business and increase their earnings, Sahena has applied for a loan of INR 60,000 from Grameen Shakti... Read more
Purpose : To expand jute business by purchasing more stock of it
Rojina, a 36-year-old woman from North Dinajpur district in West Bengal, lives with her husband and a daughter, a household of four. Together with her husband, she is engaged in the jute business, which contributes to their monthly household income of INR 25,000. To expand their business, Rojina has applied for a loan of INR 60,000 from Milaap’s field partner, Grameen Shakti. The loan will be utilized to purchase additional stock of jute from the wholesale market and manufacture ropes, sacks, bags, and other products for sale in th... Read more
Purpose : To expand her clothing business.
Jharna, a 34-year-old married woman from Nadia, West Bengal, runs a clothing business to support her family. She sells a variety of ready-made garments, including shirts, t-shirts, trousers, sarees, and blouses. With a family of four and a monthly income of INR 23,000, Jharna is eager to expand her business to increase her household income. She has applied for a loan of INR 60,000 from Grameen Shakti, one of Milaap's field partners, to purchase more clothing stock for sale. This loan will help her grow her business and improve her ... Read more
Purpose : To purchase coolers, fans, motors, etc., in order to expand electrical shop business
Madhabi, a 47-year-old married woman, resides in a small village in the Nadia district of West Bengal. Along with her husband, she runs an electrical store in their locality, selling coolers, fans, motors, and other electrical appliances to customers in the region. She lives in a household of five and has a monthly income of INR 25,000. To expand her business, Madhabi aims to purchase additional stock of coolers, fans, and motors to increase her sales and profits. However, her current household income is just enough to meet her fam... Read more