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Monika

Retailpreneur

Alwar, Rajasthan

500 livelihood days

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Monika

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Support Monika expand her retail store to attract more customers.

Retailpreneur

Rajasthan

500 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Monika

Monika belongs to Alwar district of Rajasthan. She is a hardworking entrepreneur who has been running a retail store for over two years. The pandemic has brought with it a number of challenges and Monika's business went down. Now, she needs come credit to expand her business and attract more customers. She will use the credit to purchase apparel and cosmetic products for her store. Invest in Monika as she wishes to enhance her income!

About Monika 's livelihood

Monika is a retailpreneur who works 11 hours a day for 7 days a week. With this loan Monika will potentially obtain employment for 500 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Monika has consented to pay the interest as below:

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

4.00%

7.20% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail 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

Ibtada
   view website
Partner logo

Established in

1997

With Rang De from

2020

Founded by

Rajesh Singhi

Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS