Kripa is a hardworking women who has been a domestic worker for over five years. Now, Kripa wants to start a flour mill to secure a stable income for her family. To do so, she needs to borrow some credit to set up a mill and purchase new machinery and weights of different scales. Invest in Kripa today and help her secure the future of her family.
Kripa is a food entrepreneur who works 13 hours a day for 7 days a week. With this loan Kripa will potentially obtain employment for 591 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kripa Devi has consented to pay the interest as below:
Investee
pays
6.00% flat p.a.
10.80% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
20 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Food store
Established in
1997
With Rang De from
2020
Founded by
Rajesh Singhi
Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.
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