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Mangal Navnath

Mahakunde

Retailpreneur

Beed, Maharashtra

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mangal Navnath

Mahakunde

#Hardworking
Invest in Mangal to help her expand her sewing business.

Retailpreneur

Maharashtra

409 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Mangal Navnath

Mangal sews from her home in Beed, Maharashtra. She is looking for credit to expand her business activities. She needs to purchase a new sewing machine and quality needles, thread, scissors and electric motor for her work. Expanding her business will help raise their family income and wellbeing. Help Mangal, a female entrepreneur to expand her business.

About Mangal Navnath Mahakunde's livelihood

Mangal Navnath is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Mangal Navnath will potentially obtain employment for 409 days.

Interest Rate

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

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

Investee Credit Rating:
Good

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

Navchetana Sarvagin Vikas Kendra
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS