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K N Sharan

Subbaiah

Service Entrepreneur

Mysuru, Karnataka

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

K N Sharan

Subbaiah

#breadwinner#hardworking
Invest in Sharan's sustainable waste segregation enterprise.

Service Entrepreneur

Karnataka

455 potential days of livelihood

5,00,000 loan is fully repaid

5,00,000 loan is fully repaid


About K N Sharan

Sharan runs a waste segregating and sorting enterprise. He processes plastic waste and sends it off to authorised recyclers & coprocessors for recycling, avoiding waste in landfills. He is planning to scale up his efforts to process higher volumes of waste and the entire process is operationally heavy and a needs huge working capital. As the cash flow in the waste management sector is difficult and access to credit from other financial institutions demands higher interest rates along with collateral, it becomes challenging for a first-generation entrepreneur. With the loan Sharan will be able to run the operations seamlessly and scale up his to recruit more informal waste workers in the formal waste management ecosystem. He wishes to recruit at least 20 waste workers, divert more plastic from landfills and hopes to manage 1114 MT of plastic waste and indirectly impact over 180+ workers over a period of 2 years which would include sourcing vendors, logistics partners, and end destinations.

About K N Sharan Subbaiah's livelihood

K N Sharan is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan K N Sharan will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. K N Sharan Subbaiah has consented to pay the interest as below:

Investee
pays

7.00% flat p.a.

12.60% APR

Social
Investor

7.00%

12.60% APR

Platform
charges

0.00%

0.00% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

5,00,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Good

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

Saahas Waste Management Private Limited
   
Partner logo

Established in

2013

With Rang De from

2022

Founded by

Wilma Rodrigues

Saahas Zero Waste (SZW) is a social enterprise that provides decentralized end-to-end waste management services. SZW works to bring about environmental & social impact based on the principles of circular economy and global commitment to Sustainable Development Goals (SDG). SZW has consistently sought to apply principles of circular economy in waste management where systems are developed not only to reduce the generation of waste but also, recover maximum resources from wastes.3. SZW’s solutions are for management of all streams of municipal solid waste and not just for cherry-picking the high value recyclable wastes. Through its holistic solutions, it strives to ensure that more than 90% of waste is converted to resource, thus addressing the issue of open dumping, burning, landfilling and contamination of air, water and soil. SZW believes and has proven that, for holistic waste management, a levy of service fee is essential. SZW has over 17 years of domain expertise and (currently) works across more than 40 Indian cities.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS