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Narmada

Devi

logoRetailpreneur

logo Ajmer, Rajasthan

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Narmada

Devi

#resilient#ambitious
Help Narmada refurbish her footwear store as she dreams of a new house

logoRetailpreneur

logo Ajmer, Rajasthan

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

50,000 loan is fully repaid

50,000 loan is fully repaid


Narmada Devi is the owner of a footwear store in Ajmer, Rajasthan. Now with the plans of soon constructing a house for her family, Narmada has decided to restock and upgrade her store so she can build her revenue. She has applied for a loan which will finance the purchase of shoes and slippers of different sizes for her customers. In addition, Narmada wants to give her store a facelift and is hoping to also use part of the loan to buy new furniture for the store. She will be able to attract more customers to her store allowing her to grow her income. Finally, Narmada dreams of seeing her son becoming a doctor in the future. Invest in Narmada as she wins for her family.

My dream is to see my son become a doctor.

About Narmada Devi's livelihood

Narmada is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Narmada will potentially obtain employment for 364 days.

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

Investee
pays The rate of interest charged to the investee

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

5.00%

9.00% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

0.00% APR

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Retail store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Rajasthan Mahila Kalyan Mandal

   
Rajasthan
Partner since 2019

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rs 37,05,000

Disbursed

80

Investees

98.0%

Repayments

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM
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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0