Radha is a hard-working woman in her family. Her monthly income is low and she wants to meet her family's needs. With this loan, she'll be able to purchase a new sewing machine. Radha is a capable seamstress and stitches clothes at home. She needs a loan to purchase a new sewing machine with an electric motor and a pico fall machine. This will enable her to upscale her business and earn more.
Radha Eknath is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Radha Eknath 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. Radha Eknath Survase 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
₹ 30,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
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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