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Laxmi Devi

#gogetter#provider
Laxmi Devi needs credit to set up a new store.

Retailpreneur

Alwar, Rajasthan

30,000 has been disbursed

364 potential days of livelihood i

17,500 is the current outstanding balance

100 0 0 12500 0 0

100%

0%

0%


Laxmi Devi lives with a family of four. She wishes to setup a business in Alwar, Rajasthan. Her husband has been tirelessly working to provide for his family. Laxmi is now looking to contribute to the family's income by setting up a cosmetics shop in her hometown. She wishes to be able to meet the needs of her children through her income, thereby, relieving her husband of the burden of being the sole breadwinner. This credit would help take a step towards her dream of being an entrepreneur. Invest in Laxmi today.

I wish to provide my family with a secure future.

About Laxmi Devi's livelihood

Laxmi is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Laxmi will potentially obtain employment for 364 days.

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

Investee
pays i

6.0% flat p.a.

10.8% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 3.0%

5.4% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

30,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

IBTADA

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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