Financial inclusion is fundamental to the social agenda of reducing income inequality and poverty. Today there are still 2.5 billion people around the globe who lack access to formal financial services at reasonable cost.
Milaap is an online platform that promotes financial inclusion and poverty alleviation by connecting patient capital with credible organizations in rural India to provide access to low-cost microloans for entrepreneurs and families. To date Milaap has channelled a total of US$4.2M to 28,000 borrowers, through 32 partners based in 16 states in India.
Come and join us and find out more about this platform and the impact that has been created.
A light lunch will be served.
Mayukh is the CEO and co-founder of Milaap. He was formerly Head of the business strategy department and architect of the Milaap National Skill Loan Portfolio Fund – from concept to execution. Prior to co-founding Milaap, he was a financial risk consultant in Dubai, where he worked with top banks and asset management firms. An empiricist to the core, Mayukh has spent the last four years in building technology enabled financing models – working in consumer lending for solar-lanterns for D.light, then in developing an commodity financing company as the Head of Collateral Finance with one of India’s leading agri-logistics providers.
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