The Indian government is planning to regulate the functioning of various microfinance companies. But many microfinance institutions have already used technology to implement an efficient and transparent business model

1. A Transparent Approach
to Offer Financial Assistance to the Poor People

2. The Indian government is planning
to regulate the functioning of
various microfinance companies.

3. The government introduced the
Micro Financial Sector Development and Regulation Bill
in 2011

4. Aim to regulate the functioning of
microfinance institutions

5. There are many organizations in
India that have already
implemented an advanced micro-
lending model

6. One of them is Milaap

7. Milaap enables everyday
individuals become lenders and
extend financial assistance to the
poor through it’s online platform.

8. Visit www.milaap.org

9. The needs of the people are
published on the website along
with how they are going to use the
loan amount.

10. Commercial and Social Purposes

11. Each person has his own reason to
seek financial assistance.

12. We at Milaap create the easy and
flexible repayment options to
encourage the underprivileged people
to avail the financial assistance

13. We provide financial assistance for
earning livelihood, increasing their
current income level and get access
to basic privileges

14. See How did
Mahalakshmi Ramprasad
make eligible herself to
construct a toilet at their
home

15. She is a resident of
Musiri, Tamilnadu,
earns her livelihood by
working as a daily
labourer

16. The income of the couple allows
them to save Rs 1,300 per month

17. So they have decided to avail a loan
of Rs 10,000 to construct a toilet at
their home

18. On the Milaap online platform, the
loan was fully funded by our
lenders

19. She can easily repay the loan over
next eighteen months in easy and
affordable EMIs

20. On milaap.org a lender has options
to donate online for a number of
different purposes.

21. including education and
training, energy,
healthcare, sanitation,
water, enterprise
development, and
sustainable farming

22. Improving the Standard of Living

23. When you finance the training,
education or healthcare of the
underprivileged people, their
income will also increase

24. At the same time, you can
contribute towards the sanitation,
water and energy to provide a
better and healthier environment
to the rural people

25. However, your contribution will be
treated as a loan rather than
charity.

26. Milaap takes low cost capital,
loaned by you, to the people who
need it the most

27. providing them with the means to a
sustainable income and access to
necessities for a healthy and
dignified life

28. You can signup on Milaap and start
making a difference right away!

29. You can help us spread the word around by
telling your friends to join Milaap!