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Lata

Musare

Creative Entrepreneur

Betul, Madhya Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Lata

Musare

#passionate#hustler
Support Lata to set up a tailoring shop in the town.

Creative Entrepreneur

Madhya Pradesh

234 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Lata

Lata and her husband live in the villages. Lata's husband is a farmer and has not been lucky with his crops this year. She understands that she has to do something to make money in the hard times, so she saved up some of her own money to buy a few sewing machines, some cloth material, and other essential items. Now, she is waiting for some orders so that she can make money. This loan will help her take one step further towards her dreams. With the money from this loan, she will set up a small shop for doing the tailoring works. Support her now!

About Lata Musare's livelihood

Lata is a creative entrepreneur who works 6 hours a day for 6 days a week. With this loan Lata 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. Lata Musare 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

Embroidery

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