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Milaap.org Overview
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An overview of Milaap.org and its impact to date.
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Milaap.org Overview
1.
Loan A Little.
Change A Lot. Milaap.org is an online platform that enables anyone around the world to help India’s working poor through microloans. Milaap empowers them by using a simple idea: the poor are hardwork- ing and credit-worthy, and with the right resources, they can use credit to work their way out of pov- erty. This has been demonstrated by our partners’ and our track record. Milaap: Changing the face of doing good Income generating and employment loans to Asset-based loans to fund for: fund: Access and distribution of clean drinking water Working capital for artisans with an empha- $$ sis on lending to women entrepreneurs. Toilets and hygiene awareness through training Vocational training and skill development Clean, sustainable energy in the form of solar for unemployed youngsters. lights and smokeless stoves. Milaap and its field-partners (organisations on the ground) disburse the loans to end borrowers. 2 Lenders like you browse the 100% of the funds reach the profiles of the borrowers and 1 3 end borrowers who use it for lend through Milaap.org. the specific needs. $100 $100 YOU BORROWER The field partners collect the You can chose withdraw the repayments in monthly instalments* accumulated repayment or to and pass it on to Milaap. The repay- 5 4 ments are then credited to your online re-lend and help another person thereby continuing the virtuous cycle. account at Milaap.org * Our borrowers pay a token interest of 8% on an average, with some paying as low as 5% p.a. This fee is mainly to cover a fraction of ours and our field partners' transaction costs. WHY MILAAP ACCOUNTABLE You can track every dollar given by you. Your contribution is given out as a loan, rather than a donation, and thus the same SUSTAINABLE amount of money helps multiple people. 100% of your contribution goes to the end beneficiary. And you get to know exactly TRANSPARENT who your money has helped. © 2010-2012 Milaap.org. All Rights Reserved. www.milaap.org Tel. +(65) 9247 8032 / +(65) 82339644
2.
BIHAR
RAJASTHAN WEST BENGAL INDIA MAHARASHTRA ORISSA KARNATAKA TAMIL NADU SANITATION Construction of toilets & WATER 800 hygeine awareness to provide a healthier life & Piped connections for a supply of clean cleaner environment. drinking water. TOILETS BUILT 400 WATER OVER CONNECTIONS TRAINING ENERGY & EDUCATION Diverse fields such as Retail, Security Installation of solar lights & smokeless Hospitality, Healthcare and more. stoves to remove the use of kerosene lamps to study and firewood to cook. OVER 400 FAMILIES AND 2000 LIVES ENTERPRISE $$ DEVELOPMENT Helping people become self-reliant by 14,000 LIVES IMPACTED providing working capital & skills training to run their own enterprises. S$700,000 1000 BUSINESS RAISED OWNERS 100% REPAYMENT RATE © 2010-2012 Milaap.org. All Rights Reserved. www.milaap.org Tel. +(65) 9247 8032 / +(65) 82339644
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