High-tech loans to the rescue of rural women | Milaap

High-tech loans to the rescue of rural women

Hey guys! We were featured by the Deccan Herald! Here is part of the story:

Surekha Kadapa-Bose is all praise for an online micro-finance platform that has helped several rural women turn round their lives.

Last September, Priya Singh, a civil servant with the Indian Revenue Service, was chatting with her Singapore-based friend on Facebook. With Singh’s upcoming birthday, the conversation invariably turned to how she was planning to celebrate. Singh was looking to do something different that year and so her friend told her about Milaap, an online platform that enables ‘regular’ people to lend money to the working poor in select Indian states so that they can access basics like education, clean water, energy and sanitation.

Singh instantly logged on to their website (www.milaap.org). She not only understood their work and the loan management and repayment plan but also saw the kind of women, children and unemployed youth she would be reaching out to if she decided to lend money. Then, as she turned a year older, Singh marked the occasion by extending a loan, which she was sure would help someone, somewhere lead a better life.

Read the rest of the story on their site here.