Jyoti is a motivated woman who is looking to expand her business. She has been selling snacks and other food items over the last year. She's now looking to invest in a new push cart to make her business more visible and accessible to the customers, thus making it easier to sell and earn. This way, she will expand her sales and income, and lead a better life with her family. Invest in her as she buys a new push cart!
Jyoti is a service entrepreneur who works 9 hours a day for 6 days a week. With this loan Jyoti will potentially obtain employment for 351 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Jyoti has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
8.00%
14.40% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 35,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
Established in
2019
With Rang De from
2022
Founded by
Sunil Jha
Empowering women and street vendors with smart push, pedal and electric carts to provide fixed and variable income support. We also connect brands with these street vendors to help them grow their sales and market.With Rang De's credit intervention, ReThela will be able to scale up their efforts in including more street vendors, promoting their livelihoods by providing them fixed and variable income opportunities with training and development support for 12 months.
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