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Vasu

Devi

Service Entrepreneur

Pali, Rajasthan

195 livelihood days

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Vasu

Devi

#ambitious#passionate
Support Vasu Devi to level her farm for the new season.

Service Entrepreneur

Rajasthan

195 potential days of livelihood

1,00,000 loan is fully repaid

1,00,000 loan is fully repaid


About Vasu

Vasu Devi is a resident of Pali, a dynamic woman, and a mother of two. She works hard to contribute her efforts to her family's welfare. She has been involved in this profession for over ten years. Her crops are grown without the use of chemical pesticides or fertilizers. The output she produces will be used to feed her family and also to sell in the local market. While it is a Herculean task to manage the duo tasks of motherhood and farming, the road to success is never easy. She will use this loan to build improved irrigation systems and to level her farm for the new season. She also plans to open a grocery shop as means of additional income. Invest in Vasu Devi now!

About Vasu Devi's livelihood

Vasu is a service entrepreneur who works 6 hours a day for 5 days a week. With this loan Vasu will potentially obtain employment for 195 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Vasu Devi 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

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

1,00,000

Loan
tenure

15 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Ghoomar Mahila Samiti
   
Partner logo

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS