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Santosh

Ratan Lakhan

Service Entrepreneur

Raigarh, Maharashtra

3,00,000 has been disbursed

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Santosh

Ratan Lakhan

#hardworker#ambitious
Santosh requires credit for eco-friendly e-rickshaw, easing uphill rides in Matheran's terrain.

Service Entrepreneur

Maharashtra

3,00,000 has been disbursed

546 potential days of livelihood

300,000 is
the current outstanding balance


About Santosh

Santosh, a disciplined hand-pulled rickshaw operator for two decades in Matheran, known for its challenging terrains, desires to upgrade to an eco-friendly e-rickshaw. The rugged terrain and uphill roads of Matheran make traditional rickshaw operations laborious. With an e-rickshaw, Santosh aims to ease transportation for locals and tourists while minimizing environmental impact. With a family of three depending on him, this transition is crucial for their livelihood and well-being. Investing in Santosh's upgrade not only supports his business but also ensures a better future for his family, empowering them to thrive in their community.

About Santosh Ratan Lakhan's livelihood

Santosh is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Santosh will potentially obtain employment for 546 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

6.00%

10.80% APR

Platform
charges

2.00%

3.60% APR

Loan Details

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

Loan
amount

3,00,000

Loan
tenure

30 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Transport services

Investee Credit Rating:
Excellent

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

Tisser
   view website
Partner logo

Established in

2016

With Rang De from

2024

Founded by

Dr. Megha Phansalkar

The word ‘Tisser’ means to ‘weave.’ A word holding immense value given that India is one of the only countries in the world to preserve its style of fashion handwriting still. Moreover, the Indian handloom and crafts industries, built and developed by their rural artisans, still provide a livelihood for many, with 60% of global looming artisans present in India. Evidenced by its success, Tisser India aims to generate support to provide sustainable livelihoods, income- opportunities, and access to professional rural craftspersons in India. Through its professional training, innovative models, and technological solutions, Tisser has forged a diverse market for both the modern consumer and the rural artisan. Tisser has a network of more than 10,000 artisans, groups, and SHGsacross South Asia. Working in more than 200 art forms, Tisser generates livelihoods for 100+ rural clusters in 18 states of India with more than 1,0000 products made using traditional and cultural art forms.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS