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Mangali

Dindod

Food Entrepreneur

Jhabua, Madhya Pradesh

312 livelihood days

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Mangali

Dindod

#believer#resilient
Support Mangali to purchase stocks and renovate her Kirana store.

Food Entrepreneur

Madhya Pradesh

312 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Mangali

Mangali Dindod is from Jhabua, Madhya Pradesh. She has been running a Kirana store in her village for more than a year. She needs a loan and she will use it to renovate her store, looking to attract more customers. She hopes that the renovation will serve to improve the experience of shopping within her store so that her customers will return and encourage others to visit her. The additional stocks that she will purchase as a result of this loan will help ensure that she has a steady supply of essential non-food items, thus ensuring that she can continue to meet her customer's needs. Invest in Mangali's Kirana store now!

About Mangali Dindod's livelihood

Mangali is a food entrepreneur who works 8 hours a day for 6 days a week. With this loan Mangali will potentially obtain employment for 312 days.

Interest Rate

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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food 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

ASA Development Services
   
Partner logo

Established in

2007

With Rang De from

2021

Founded by

Mr. Ashis Mondal

ASA Development Services (ASADS) is a non-profit company that was started in 2007 to utilise approaches of partnership, collaboration, resource pooling, and knowledge sharing to accelerate the process of development of the rural poor. ASADS complements work of its promoting organization Action for Social Advancement (ASA), by layering support services on the field. ASADS builds crucial financial links between the poor and the lending partners in the sector to bridge the gap of rural and urban development.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS