₹ 11,087.3 is
the current outstanding balance
56%
0%
0%
44%
Kamal runs a grocery store in Beed, Maharashtra, India. Kamal has been in this business for the last seven years and has been able to build up a steady customer base. Her loan will be used to buy inventory for her store. Kamal is confident that with the loan she will be able to expand her business and increase her sales.
Kamal Sukhdev is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Kamal Sukhdev will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kamal Sukhdev Borude 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
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
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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