false
false 0 0 QatGVufaAK

Desi

Trust

logoCreative Entrepreneur

logo Bengaluru, Karnataka

logo 7,11,800 has been disbursed

logo 234 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img

Desi

Trust

#entrepreneur
Desi Trust needs loan for meeting the working capital requirements

logoCreative Entrepreneur

logo Bengaluru, Karnataka

logo 7,11,800 has been disbursed

logo 234 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

652,483.33 is
the current outstanding balance

100 0 0 59317 0 0

100%

0%

0%


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. Desi has also been grappling with this uncertainty brought about by the pandemic. In order to meet a number of operational expenses, Desi Trust is seeking a credit of Rs. 10 lakhs. This amount will be used as working capital to get the production for the upcoming Diwali sales in October 2022. They will purchase enough yearn, dye materials, and sarees with this amount. Support Desi today, as they strive to bring back their business and help them gravitate through these difficult times.

To create a wide market for organic fabric
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

4.00%

7.20% 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

0.00%

0.00% APR

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

Loan
amount

7,11,800

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.

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 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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0