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address:
#25, NSRCEL,
IIM-Bangalore
Bannerghatta Road, Bangalore, India - 560 076
e-mail: feedback AT milaap DOT org
phone: +91 8880340333
Milaap enables you to lend to India's working poor so they can get access to education, clean water, safe lighting and more.
A small loan goes a long way. And comes back to you.
Sakhi Samudaya Kosh (SSK) and Sakhi Retail - Maharashtra, India
SSK focuses on providing credit for livelihood needs such as education, water and sanitation. It also trains and assists women micro-entrepreneurs through its sister organisation Sakhi Retail that delivers life-changing products and services, including smokeless stoves, solar heaters, and organic fertilisers for rural households.
Through community-driven financial services to Self Help Groups (SHGs) and engagement with grassroots entrepreneurs, these two organisations have helped create sustainable income streams for households and improved opportunities for better education and lifestyle. Nearly 28,000 people and 3,000 groups have benefitted so far.
"Low cost and flexible credit options are crucial for women SHGs, therefore, we have designed with Milaap, a loan program at 12% interest, almost half the cost of other MFI loans in the area. These loans are aligned with the income cycle of the Sakhis at monthly, and not the usual weekly repayment cycles. We are glad to announce that soon Milaap will also be supporting our vocational training and healthcare programmes."
- Mr. Rajesh Badhak, CEO, SSK
Some new loans in SSK
Manisha Dhere
Loan Amount: 20000.0
Status: Paying Back (100.0%)
Shobha Gaikwad
Loan Amount: 10000.0
Status: Paying Back (100.0%)
Sudhir Kale
Loan Amount: 20000.0
Status: Paying Back (100.0%)
Key Statistics
- Type of Company - Not For Profit
- Cumulative Loans Disbursed - INR 313.13m
- No. Of Borrowers - 28151
- No. Of Villages Covered - 795
- Gross Portfolio Outstanding - INR 54.81m
- Repayment Rate - 97.80%
- Average MFI Rate in TN - 24-32%
- Milaap Enabled Interest Rate - 12%
