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Stories of Hope: Microlending through Milaap

We’re grateful at Soap Hope — for our customers, of course, but for our mission partners, as well.

These partners are addressing some of our planet’s biggest issues like poverty and access to education, and they share in our vision of creating impact through bigger innovations.

We’ve previously highlighted what our nonprofit partner, Milaap, has accomplished through their distinctive approach to microlending.

Milaap was founded by three entrepreneurs in 2010 — friends with a vision “to change people’s concept of giving and make it a personal, transparent, and sustainable process.”

Their program and platform are unique — when you give you Milaap, you’re able to choose from a list of eligible borrowers, categorized by their needs and loan requirements. Borrowers receive 100% of the funds, and when the loan is paid back, those repayments accumulate in your Milaap account as credits. You can withdraw your money or re-lend the funds to other Milaap borrowers.

It’s an easy and engaging way to lend money to the causes you care about most: ending poverty, supporting education, or (if you’re like us here at Soap Hope) helping women who want brighter futures.

Supporting Small Business

Vanraj Mahila Mandal is a small collective of industrious women from Dahod in Gujarat, India (pictured above). These women are all running their own small businesses in order to support their families.

Parvati (pictured in the middle) leads the group. She’s a 35 year old woman and runs a petty shop in Dahod, selling items like sugar, rice, and tea to the community. Other women in the collective own similar businesses, selling groceries and other household products, or offering services like sewing.

The loan from Milaap has given Parvati the means to  add inventory in her shop and expand her business. Funding from Milaap ensures a better standard of living for these women and their families, and ultimately the communities they live in.

Supporting Real Impact

By partnering with organizations like Milaap, Soap Hope creates more impact with our profits.

We believe that businesses everywhere can create this kind of change in the world, and the support of our Soap Hope customers ensures that we facilitate bigger change.

Want to learn more about our Soap Hope mission? Visit our Mission page here. 

 

 

//Photo credit: Milaap

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