Milaap has been featured in the Media for its innovative microfinance project with ONergy. Beginning from 10 November 2011, the project will offer low cost loans raised through Milaap and allow rural households from west Bengal to afford solar lights from ONergy.
The project aims to reduce monthly family expenditure on lighting by 50 per cent, increase family incomes by 20-30 per cent and empower local partners to promote sustainable and clean energy for the poor and excluded communities.
It will kickstart at South 24 Parganas, reaching 500 households by March 2012, and eventually to more than 1500 rural households in West Bengal, India during our first year of partnership.
Find out more from our articles featured in the Media!
Microfinance help bring solar lights to rural West Bengal - Microfinance Focus