Milaap.org is an online fundraising platform that was started by three passionate, young entrepreneurs in June 2010. The organization’s main aim is to change the way people fund and impact communities in need by enabling individuals to make a difference in a very transparent, accountable and sustainable manner.
At Milaap, it is not about investing in charity but about investing in business and trade. A very innovative step taken by them is a system through which one can see profiles of people who need funds for various purposes. One can even choose whom she or he wants to fund. The total fund raised goes directly to the beneficiaries; here the money is given not as donations but as loans with affordable interest. Beneficiaries repay the loans in small installments every month; and every month there is an update made on repayment. That is how the entire sum is repaid to the organization. Milaap has also received support from institutions like the Dell Foundation, the Montpelier Foundation, DBS Bank and National Skill Development Corporation.
Not only is it effective, this organization is also credited for being remarkably impactful. Milaap has cumulatively disbursed 10.25 crore in loans and impacted over 50,000 lives. Currently, over 10,000 individuals have invested via Milaap.
Millaap has a simple yet endearingly impactful mission. It wishes to reach out to more people who can help it serve better and become part of its fundraising organization. At Milaap, you can give loans for basic needs of people like drinking water connections, toilets, solar lighting or for job-linked skills training as well as providing working capital for small businesses.
If you want to bring in a timely, effective, and remarkable change by helping the society through a powerful platform under the guidance of a proper and diligent organization- Millaap is just the organization to join.
Image source: www.milaap.org
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