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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.
Krishnamoorthy A H
Purpose: To buy machinery to scale up his business
Location: Garvepalya, Karnataka (IN)
Krishnamoorthy works as a painter with the Asha self-help group in rural Bangalore. The group runs a small manufacturing unit making wooden furniture. To scale up the business, he needs a loan of Rs 50,000. With this, the unit will be able to save on costs, increase revenue by 10% and create employment opportunities for ten others. more
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This loan is fully funded!
Partner Details
Industree Crafts Foundation is a not-for-profit social business that connects artisans and agricultural workers with a niche urban market by providing an ecosystem congenial to become owners of their enterprises. ICF provides support in the realms of training, sourcing of raw materials, design of products and marketing and is certified by fair trade. It is well networked with over 5000 artisans and provides them access to urban markets through its retail arm.
Know more about Garvepalya, Karnataka
How can you create an impact?
Your loan of Rs 50,000 is going to help Krishnamoorthy in the long run. Not only will it help him to scale up his business, it will also bring him more income which he can use to improve his family’s standard of living. For his community, he helps create job opportunities for his peers and bring them income. He can also set a positive example for them to learn from.
Repayment Details
Tenure : 24 months
Period : Feb' 12 to Jan' 14
Monthly installments : Rs. 2083
