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Mangal Hanumant

Varkad

Service Entrepreneur

Beed, Maharashtra

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mangal Hanumant

Varkad

#hardworking#positive
Support Mangal to purchase a new flour machine and a motor.

Service Entrepreneur

Maharashtra

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Mangal Hanumant

Mangal is a hardworking woman who supports her husband who works as a laborer, and their family. She is from Beed, Maharashtra, and lives with her family of four there. She has been into running a flour mill recently. Now, she wishes to expand it to enhance her income and seeks a loan for the same. This loan will aid her to purchase a new flour machine and motor which will grow her business. Support Mangal to enjoy a better life!

About Mangal Hanumant Varkad's livelihood

Mangal Hanumant is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Mangal Hanumant will potentially obtain employment for 364 days.

Interest Rate

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

Others

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