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Fatema Afser

Shekh

Retailpreneur

Beed, Maharashtra

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Fatema Afser

Shekh

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

Retailpreneur

Maharashtra

318 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Fatema Afser

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.

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.

Interest Rate

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

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

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

Navchetana Sarvagin Vikas Kendra
   
Partner logo

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

FUNDS

INDIVIDUALS