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Milaap Social Ventures Private Limited (MSV)

LocationIndia

Issue AreaLivelihood

Amount NeededGeneral Support Needed

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Loans for the Working Poor

Milaap Social Ventures (MSV) operates a web portal that enables individuals to help low-income entrepreneurs in developing countries. MSV provides the technology platform for crowdfunding, develop tools to enable marketing of causes and provide awareness and visibility (both online and offline) to projects. This online social marketplace matches the profiles of low-income borrowers to potential social investors making loans averaging S$300 that is then repaid over the loan tenor. Milaap’s focus is to collaborate with grassroots organizations that provide affordable financing to the poor. They look for organizations that work in areas such as education, energy, healthcare, sustainable farming, vocational training, and water & sanitation in regions in India where there are few alternatives to affordable credit. Milaap goal is to revolutionize the indirect P2P (peer-to-peer) micro-lending space by being the first to connect foreign retail capital with Indian micro-entrepreneurs and simultaneously cultivate the culture of social lending within India.

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