Alaka Narayan owns a small general store in Beed, Maharashtra. She has been working hard for eight hours everyday, to support her family. With the credit, she hopes to restock her store. An increased stock will help her reach out to more customers from her neighbourhood. The increased income from her business will help her provide a good future for her children.
Alaka Narayan is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Alaka Narayan will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Alaka Narayan Londhe has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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