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Kavita

Malvi

Retailpreneur

Betul, Madhya Pradesh

234 livelihood days

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Kavita

Malvi

#courageous#go-getter
Support Kavita to get a few furniture and essential materials for her tailoring work.

Retailpreneur

Madhya Pradesh

234 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Kavita

Kavita is a resident of Betul, a small city in Madhya Pradesh. She is a hard-working and responsible woman. She works hard to run her own tailoring business. She has been working in this field for the past six years. It is a challenging profession but Kavita is not afraid of challenges. Tagging along with her daily tasks, Kavita plans to develop this business further and make it much more profitable. With the help of this loan, she will be able to procure a few pieces of furniture and essential materials required for this new stage of her business such as new cloth materials, needles, threads, etc. With your support, Kavita's tailoring shop will be able to open its doors to customers much more efficiently. Invest in Kavita now!

About Kavita Malvi's livelihood

Kavita is a retailpreneur who works 6 hours a day for 6 days a week. With this loan Kavita will potentially obtain employment for 234 days.

Interest Rate

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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

Investee Credit Rating:
Adequate

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

ASA Development Services
   
Partner logo

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

FUNDS

INDIVIDUALS