Manisha comes from Beed, Maharashtra and stays with a family of four. She runs a catering business from home, which is their sole source of income. She supports her husband and children and earns for the household. She needs financial support to invest in a store. The loan amount will be used to buy groceries to reach out to more customers through her business and add to the income of the family.
Manisha is a food entrepreneur who works 9 hours a day for 7 days a week. With this loan Manisha will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Manisha Panchal 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
Food store
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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