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Rinabai

Motiram Sonawane

Service Entrepreneur

Nandurbar, Maharashtra

364 livelihood days

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Rinabai

Motiram Sonawane

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Rinabai to buy a new pulverizer for her flour mill.

Service Entrepreneur

Maharashtra

364 potential days of livelihood

10,000 loan is fully repaid

10,000 loan is fully repaid


About Rinabai

Rinabai is a resident of Nandurbar, a mother of two, and a hard-working businesswoman. She is running a flour mill and this is the major income source for her family. Currently, she is in need of some credit to buy a new pulverize to replace the old one so that she can work efficiently and increase her productivity. With a new machine in place, she will be able to take more orders for grinding and enhance her income. She believes that with quality products she can attract more customers and enhance her business. Invest in Rinabai and her flour mill to run her business successfully!

About Rinabai Motiram Sonawane's livelihood

Rinabai is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Rinabai will potentially obtain employment for 364 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

10,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Very 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

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS