false
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Gunta Bai

Kumbhare

logoService Entrepreneur

logo Betul, Madhya Pradesh

logo 20,000 has been disbursed

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

b-img b-img b-img

Gunta Bai

Kumbhare

#motivated#ambitious
Gunta bai needs a loan to upscale her tailoring work.

logoService Entrepreneur

logo Betul, Madhya Pradesh

logo 20,000 has been disbursed

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

9,999.98 is
the current outstanding balance

85.71 0 14.29 10000 1667 0

86%

14%

0%


Gunta Bai resides in Betul and is a self-employed tailor. She requires this loan to upgrade her sewing machine from a basic one to a more efficient one, which will increase her output and improve the value of her business. She also plans to purchase a few dozen more yards of cloth to up her business. Have a share in Gunta Bai's inclusive business growth.

I wish to provide my family with everything they need.

About Gunta Bai Kumbhare's livelihood

Gunta Bai is a service entrepreneur who works 6 hours a day for 6 days a week. With this loan Gunta Bai will potentially obtain employment for 234 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

20,000

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.

ASA Development Services
   

Established in

2007

With Rang De from

2021

Founded by

Mr. Ashis Mondal

ASA Development Services (ASADS) is a non-profit company that was started in 2007 to utilise approaches of partnership, collaboration, resource pooling, and knowledge sharing to accelerate the process of development of the rural poor. ASADS complements work of its promoting organization Action for Social Advancement (ASA), by layering support services on the field. ASADS builds crucial financial links between the poor and the lending partners in the sector to bridge the gap of rural and urban development.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0