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Sangeeta Varma

#ambitious# hardworking
Sangeeta Varma wants to expand her store.

Retailpreneur

ALWAR, Rajasthan

20,000 has been disbursed

364 potential days of livelihood i

7,777.68 is the current outstanding balance

100 0 0 12222 0 0

100%

0%

0%


Sangeeta Varma runs a cosmetics shop in Alwar, Rajasthan. She lives with a family of four and her business brings in the income to sustain the family. She is now looking to expand her business. She wishes to purchase footwear and kids clothing to reach out to more customers. Sangeeta believes that the expansion will help her bring in an increased income to support her family. Invest in Sangeeta today.

I wish to build a house for my family.

About Sangeeta Varma's livelihood

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

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

Investee
pays i

6.0% flat p.a.

10.8% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 3.0%

5.4% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

20,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

IBTADA

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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