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Fatema Afser

Shekh

logoRetailpreneur

logo Beed, Maharashtra

logo 25,000 has been disbursed

logo 318 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Fatema Afser

Shekh

#resilient#hustler
Fatema needs a loan for stocking up her retail store.

logoRetailpreneur

logo Beed, Maharashtra

logo 25,000 has been disbursed

logo 318 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

13,888.88 is
the current outstanding balance

100 0 0 11111 0 0

100%

0%

0%


Fatema is a resident of Beed, Maharashtra. She and her husband together have opened their own retail store to sell essential and daily use grocery items to facilitate their livelihood. For them, this business can bring about a lot of growth, but in order to do so, they need a loan to stock up their store. This loan will also help them earn a steady income and contribute to improving their family's financial position.

I wish to renovate my retail store and scale up my business.

About Fatema Afser Shekh's livelihood

Fatema Afser is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Fatema Afser will potentially obtain employment for 318 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

10.00% flat p.a.

18.00% 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 4.00%

7.20% APR

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

2.00%

3.60% APR

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

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Retail store

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.

Navchetana Sarvagin Vikas Kendra
   

Established in

2008

With Rang De from

2020

Founded by

Manisha Ghule

Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0