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 start and expand their business in piggery, weaving, poultry, fishery and farming businesses
Ruth, a 60-year-old married woman from the Ukhrul district of Manipur, lives with her family of five and earns a monthly household income of INR 21,000. She leads a group of 63 committed members who work diligently to support their families and save for a better future. Understanding that increased income and financial control are key to economic empowerment, Ruth and her friends strive to become self-sufficient and create wealth. Their collective efforts will not only benefit Ruth and her family but also uplift the entire communit... Read more