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Rajjo

Devi

Retailpreneur

Alwar, Rajasthan

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rajjo

Devi

#breadwinner#hardworking
Support Rajjo as she seeks credit to set up her new business.

Retailpreneur

Rajasthan

455 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Rajjo

Rajjo is an ambitious mumpreneur from Alwar, Rajasthan. With the growing financial needs of her family, Rajjo has decided to launch a small business in her hometown to help her meet the daily expenses. She seeks credit to cover the initial installation charges of her new shop which will enable her to generate a monthly income to support her son and her husband. She intends to open a store in the near future to better the quality of life for her family. Invest in industrious Rajjo as she takes on a new business venture.

About Rajjo Devi's livelihood

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

Interest Rate

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

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

4.00%

7.20% APR

Loan Details

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

Retail store

Investee Credit Rating:
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

Ibtada
   view website
Partner logo

Established in

1997

With Rang De from

2020

Founded by

Rajesh Singhi

Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS