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Prachi

Dilip Naik

Food Entrepreneur

Raigad, Maharashtra

175 livelihood days

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Prachi

Dilip Naik

#dedicated#positive
Support Prachi as she purchases raw materials for her food stall.

Food Entrepreneur

Maharashtra

175 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Prachi

Prachi is a woman with strong determination and perseverance, who has survived hard times. She has been a food stall owner for many years, but she has not been able to make much profit over the years because of financial struggles and hard competition, despite all her hard work. The pandemic also made it difficult for her to run the business. She has a dream of buying a big house for her family, which is her constant thought, and hence plans to expand her business. Currently, she is looking for a loan to purchase raw materials for her food stall so that she can feed her customers well. Invest in Prachi, who is looking forward to making more profits to make her dream come true.

About Prachi Dilip Naik's livelihood

Prachi is a food entrepreneur who works 9 hours a day for 3 days a week. With this loan Prachi will potentially obtain employment for 175 days.

Interest Rate

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

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

3.00%

5.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food stall

Investee Credit Rating:
Very 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

Givfunds Social Ventures
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Mr. Irwan Malhotra

Givfunds provides low cost capital to impactful social enterprises. Through their ecosystem-level approach and tech-enabled processes, Givfunds unlocks sustainable capital for social enterprises to create greater impact and change lives. Givfunds also works to create empowered women entrepreneurs by providing them access to financial, entrepreneur & digital training and credit to start their own nano/micro enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS