Mai Chander is a Karate player and coach. She started training herself in 2002 and have been working to establish the academy since 2009, but since she cannot procure a training site; her progress has been slow. Mai Chander is eagerly looking forward to teaching students and enhancing their skills. This loan will support Mai Chander in renting a room to set up her academy.
Mai is a service entrepreneur who works 8 hours a day for 5 days a week. With this loan Mai will potentially obtain employment for 260 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mai Chander Ravate has consented to pay the interest as below:
Investee
pays
6.00% flat p.a.
10.80% APR
Social
Investor
6.00%
10.80% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 45,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
Established in
2020
With Rang De from
2021
Founded by
Mr. Proteek Kundu
NeevJivan Foundation is a registered Section 8 company (an NGO), working in the area of Skill Development & Vocational Training for our fellow citizens in rural India. It is our endeavor to create opportunities for sustainable livelihood for women and youth with the primary objective of reducing migration to the cities.
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