Desi Trust

#golocal#innovative
Invest in Desi Trust to support the handloom workers survive the pandemic

Creative Entrepreneur

Bangalore, Karnataka

351 potential days of livelihood i

5,00,000 is ready for disbursal


About Desi Trust

Desi Trust has been working tirelessly to provide a decent livelihood to handloom workers. They have been working with communities to provide employment that is ecologically viable in order to dissuade the local communities from migration. The Desi stores across Karnataka display a plethora of beautiful, traditional crafts such as Sarees from Chanderi, Dhurries from Warangal and wooden toys from Channapatna, to name a few. The current pandemic crisis has affected us all in the past few months. Desi has also been grappling with this uncertainty brought about by the pandemic. With a dip in sales and a number of operational expenses to meet, Desi Trust is seeking a credit of Rs 10 lakh. This amount will be used to pay off the workers and help them sustain themselves during this period. This amount will be raised in two trances to meet Desi's needs. In this first tranche, we will raise Rs 5 lakh to help Desi meet their immediate needs. The second tranche will be used to help them get their operations back to normalcy post the lockdown period. Support Desi today, as they strive to meet the needs of their employees and help them gravitate through these difficult times.

We want to setup a wholesale market for pure handloom and for naturally dyed fabric.
Interest Rate

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

Investee
pays i

4.0% flat p.a.

7.2% APR

Social
Investor i

3.2%

5.8% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.8%

1.4% APR

Loan Details

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

Loan
amount

5,00,000

Loan
tenure

12 months

Previous
loans

0

Investee
occupation

Handicrafts

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

A

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


×

Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Co-curated and referred by our Impact Partner
DESI Trust

Established in

2000

With Rang De from

2020

Founded by

Prasanna

Desi is a leading service organisation in Karnataka, in the handloom sector today. It is Bangalore based Charitable Trust run by eminent personalities from the field of art, literature, design, marketing and fashion. Desi has eleven (11) shops which have become Bangalore land marks in Bangalore and other cities of Karnataka, for naturally dyed handloom garments. Desi works closely with rural artisan groups, SHGs, societies, women groups and other organisations.

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