Anand Kumar is a hardworking father, who wishes to provide his son with the best possible education. He works as a chef at a nearby restaurant, while his wife has been a house help for several years. Due to the pandemic, Anand and his wife experienced a severe loss in income and are unable to pay their son's school fees for the upcoming year. Help Anand's son continue education by investing in his school fees.
The following are the details of the children.
No of children studying :
01
Total annual school fees :
₹ 14000
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Anand Kumar has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 14,000
Loan
tenure
10 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Student
Established in
2011
With Rang De from
2021
Founded by
Mr. Kushal Chakravorty
Lotus Petal Foundation is a purpose organization located in Gurgaon, Haryana, India which has been working since 2011 in the areas of Education, Nutrition and Livelihood. Our programs have enabled less privileged children to get into the formal job market based on skills and education. Alumni of our skill-based programs are now placed in formal jobs in both domestic and multinational companies. Some alumni are in higher professional education like MBBS. The programs run by Lotus Petal have impacted 12000 children/people so far. The organization's key strength has been delivering transformational outcomes for the beneficiary based on processes with scientific rigor, systems, organizational culture at low cost.
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