Sangeeta has been running a beauty parlour for the past twelve years in Beed, Maharashtra. She supports her husband and her young daughter with this income. Her work brings bread to the house and helps her daughter dream of a brighter future. Sangeeta is looking for a loan to invest in her business and to better her livelihood prospects.
Sangeeta is a beautypreneur who works 9 hours a day for 7 days a week. With this loan Sangeeta will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sangeeta Jadhav 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Beauty parlour
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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