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Charaka Women

Cooperative Society

logoCreative Entrepreneur

logo Shimoga, Karnataka

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Charaka Women

Cooperative Society

#golocal# innovative
Invest in Charaka a groundbreaking women run co-operative

logoCreative Entrepreneur

logo Shimoga, Karnataka

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

5,00,000 loan is fully repaid

5,00,000 loan is fully repaid


Charaka is a women's co-operative society situated at Bhimanakone Village on the Western Ghats of southern India. It produces beautiful, handcrafted, naturally dyed cotton handloom garments which are sold in Bangalore, Mysore, Dharwad and Shimoga under the brand name DESI. What's unique about Charaka is its focused attention on cost effective production. Some of its natural products have become as inexpensive as chemically dyed ones. Charaka is growing at a phenomenal rate of 25 per cent per year, and is sustained through its own profits. This loan will be utilised to support the working capital requirements of the production unit.

We want to set up a wholesale market for pure handloom and for naturally dyed fabric.

About Charaka Women Cooperative Society's livelihood

Charaka Women is a creative entrepreneur who works 7 hours a day for 6 days a week. With this loan Charaka Women will potentially obtain employment for 273 days.

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

Investee
pays The rate of interest charged to the investee

4.00% flat p.a.

7.20% APR

Social
Investor The rate of return an investor makes

3.00%

5.40% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

Platform
charges The charges, the platform incurs by offering it's services

1.00%

1.80% APR

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

Loan
amount

5,00,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Handicrafts

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Charaka Women's Multipurpose Industrial Co-Operative Society Ltd
   

Established in

1994

With Rang De from

2019

Founded by

Shri. Prasanna

The idea was incepted in 1994, to provide an alternative to the dependency on agriculture, which was causing caused immense damage to the eco-system. A weaving center was set up to demonstrate that handloom weaving could be viable and profitable in the region. Charaka was started with 30 women workers, and this number has grown to 800. The women plan their own production schedules and consequently there is a high sense of ownership amongst the cooperative's members. The women are their own paymasters. They draw a decent living wage, give themselves a small bonus every year, eat subsidised food, have health insurance and take home loans.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0