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Geeta

Jawanjal

logoService Entrepreneur

logo Beed, Maharashtra

logo 15,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Geeta

Jawanjal

#Hardworking
Geeta needs a loan for her flour mill.

logoService Entrepreneur

logo Beed, Maharashtra

logo 15,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

8,750 is
the current outstanding balance

83.33 0 16.67 6250 1250 0

83%

17%

0%


Geeta is a resident of the city of Beed, Maharashtra. She was born and brought up here. She'd seen her people struggling for their basic needs. So she opened this flour mill 5 years back and has been running successfully. Now she wants to add machines that are equipped for grinding spices and other pulses. Her present one also needs a service. Hence for meeting all these expenses, she needs a loan of Rs.15000/- from Rang De. With this loan, she is hoping to increase her income and start saving for her kid's educational expenses. Be a part of her business journey by contributing to her loan.

I want to secure a future with my family.

About Geeta Jawanjal's livelihood

Geeta is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Geeta will potentially obtain employment for 364 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

15,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0