Mangal Balu lives in Beed, Maharashtra where she runs her own beauty store which she has worked hard and brought together in these past four years. She needs credit to buy a hair spa machine, a big mirror and a chair to extend her store to a small salon. She is starting something new and needs support for the initial funding. This loan would help her, an already established to start a new venture. Invest in her today!
Mangal Balu is a beautypreneur who works 6 hours a day for 7 days a week. With this loan Mangal Balu will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mangal Balu Dongare 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Beauty parlour
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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