Milaap is a lending platform that connects patient capital with credible community based organizations in India to provide low-cost micro loans for the working poor. Through the Milaap Legacy program, they help High Net-Worth Individuals maximize the impact of their philanthropic funds through repayable loans for sustainable and scalable projects in the most marginalized corners of India. Over the last 5 years, INR 25cr from 23,000 lenders have been disbursed by Milaap to impact over 133,000 rural working poor.
This opens up a brand new kind of investment horizon for I3N Members, where you can give less risky loans to organizations that are working directly with beneficiaries at the bottom of the pyramid. Loans are typically structured with a term of 18 months and interest rates in the range of 9-12%.
We already share some stalwart members such as Jayesh Parekh and Pravin Gandhi with Milaap Legacy. If you would like to learn more about Milaap and how you can participate, please reach out to the I3N team.