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Prema

Bisht

logoCreative Entrepreneur

logo Nainital, Uttarakhand

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Prema

Bisht

#hardworking#breadwinner
Prema needs credit to grow her handicrafts business.

logoCreative Entrepreneur

logo Nainital, Uttarakhand

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

75,000 loan is fully repaid

75,000 loan is fully repaid


Prema Bisht lives with a family of four. She owns a business in handlooms and handicrafts at Nanital, Uttarakhand. She is looking to expanding the business. Expanding the business would mean a higher income for the family. She will use this credit to buy beautiful wool and raw material such cloth. She also uses these materials to tailor beautiful sweaters. With the winter season closing in, Prema will be able to use make huge profits. This credit would help in making her dreams come true. Invest in Prema today.

I wish to start my own clothing brand.

About Prema Bisht's livelihood

Prema is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Prema will potentially obtain employment for 455 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

4.00%

7.20% 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

1.00%

1.80% APR

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

Loan
amount

75,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Handicrafts

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.

Udhyam Housed Under Agrani India Foundation
   view website

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0