A Transparent Approach to Offer Financial Assistance to the Poor People

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The Indian government is planning to regulate the functioning of various microfinance companies. But many microfinance institutions have already used technology to implement an efficient and transparent business model

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A Transparent Approach to Offer Financial Assistance to the Poor People

  1. 1. A Transparent Approachto Offer Financial Assistance to the Poor People
  2. 2. The Indian government is planning to regulate the functioning of various microfinance companies.
  3. 3. The government introduced theMicro Financial Sector Development and Regulation Bill in 2011
  4. 4. Aim to regulate the functioning of microfinance institutions
  5. 5. There are many organizations in India that have alreadyimplemented an advanced micro- lending model
  6. 6. One of them is Milaap
  7. 7. Milaap enables everyday individuals become lenders andextend financial assistance to thepoor through it’s online platform.
  8. 8. Visit www.milaap.org
  9. 9. The needs of the people are published on the website alongwith how they are going to use the loan amount.
  10. 10. Commercial and Social Purposes
  11. 11. Each person has his own reason to seek financial assistance.
  12. 12. We at Milaap create the easy and flexible repayment options toencourage the underprivileged people to avail the financial assistance
  13. 13. We provide financial assistance forearning livelihood, increasing theircurrent income level and get access to basic privileges
  14. 14. See How didMahalakshmi Ramprasad make eligible herself toconstruct a toilet at their home
  15. 15. She is a resident of Musiri, Tamilnadu,earns her livelihood by working as a daily labourer
  16. 16. The income of the couple allowsthem to save Rs 1,300 per month
  17. 17. So they have decided to avail a loanof Rs 10,000 to construct a toilet at their home
  18. 18. On the Milaap online platform, the loan was fully funded by our lenders
  19. 19. She can easily repay the loan overnext eighteen months in easy and affordable EMIs
  20. 20. On milaap.org a lender has options to donate online for a number of different purposes.
  21. 21. including education and training, energy, healthcare, sanitation, water, enterprise development, and sustainable farming
  22. 22. Improving the Standard of Living
  23. 23. When you finance the training,education or healthcare of theunderprivileged people, their income will also increase
  24. 24. At the same time, you cancontribute towards the sanitation, water and energy to provide abetter and healthier environment to the rural people
  25. 25. However, your contribution will be treated as a loan rather than charity.
  26. 26. Milaap takes low cost capital,loaned by you, to the people who need it the most
  27. 27. providing them with the means to a sustainable income and access to necessities for a healthy and dignified life
  28. 28. You can signup on Milaap and start making a difference right away!
  29. 29. You can help us spread the word around by telling your friends to join Milaap!

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