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Rekha

Bai

logoService Entrepreneur

logo Pali, Rajasthan

logo 50,000 has been disbursed

logo 195 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Rekha

Bai

#breadwinner#hardworking
Support Rekha to purchase a transport jeep.

logoService Entrepreneur

logo Pali, Rajasthan

logo 50,000 has been disbursed

logo 195 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

23,326.17 is
the current outstanding balance

100 0 0 26674 0 0

100%

0%

0%


Rekha Bai is an experienced farmer in Pali. She lives with her husband and children and agriculture is the main income source for the family. She has been planning to start a new business to make additional income so that they can lead a better life. But due to the pandemic, she was running out of money. This loan will help Rekha buy a jeep to provide transportation services to the local people. Her husband has worked in the transport business for several years and has now come to use his skills in the new venture. Support Rekha and her family to earn better!

I wish to build a big house for my family.

About Rekha Bai's livelihood

Rekha is a service entrepreneur who works 6 hours a day for 5 days a week. With this loan Rekha will potentially obtain employment for 195 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 4.00%

7.20% APR

Platform
charges The charges, the platform incurs by offering it's services

2.00%

3.60% APR

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

Loan
amount

50,000

Loan
tenure

15 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

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.

Ghoomar Mahila Samiti
   

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0