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Rekha

Bai

Service Entrepreneur

Pali, Rajasthan

195 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rekha

Bai

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

Service Entrepreneur

Rajasthan

195 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rekha

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!

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Rekha Bai 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

Loan Details

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

Investee
occupation

Others

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

Ghoomar Mahila Samiti
   
Partner logo

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.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS