Nandabai Pawar is an apparel store owner from Beed, Maharashtra. She has had ten years of experience in this business and is now looking to expand her store. She intends to use this opportunity to gain a stronger market presence, by diversifying her collection to attract more customers. She will use this credit to purchase more sarees and other ladies' wear. This is a stepping stone to fulfilling her dreams of spreading the brand across her city.
Nandabai is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Nandabai will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Nandabai Pawar 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
Apparel 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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