Raghuvar is an entrepreneur, hailing from Nainital, Uttarakhand. He has a small tailoring business, but is looking forward to expanding it. He wishes to reach out to cater to more customers of his locality. He is seeking credit for raw materials to expand his shop. Investing in Raghuvar, will help him fulfill his dreams and provide for his family.
Raghuvar is a creative entrepreneur who works 8 hours a day for 6 days a week. With this loan Raghuvar will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Raghuvar Daramwal 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
₹ 50,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Embroidery
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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