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Saroj Devi

#brave#ambitious
Saroj needs credit to open her small retail store.

Retailpreneur

Alwar, Rajasthan

30,000 has been disbursed

591 potential days of livelihood i

12,000 is the current outstanding balance

100 0 0 18000 0 0

100%

0%

0%


Saroj Devi is a mother, wife and budding entrepreneur from Alwar, Rajasthan. She works seven days a week for nearly thirteen hours each day. Now, Saroj is ready to take on an entrepreneurial venture to support the needs of her family. With the credit, she hopes the shop will enable her to better the quality of life for her four-member family. She wishes to stock her store with animal food products. She intends to also use a small amount of the loan for the initial installation costs. Make your investment in determined Saroj today.

My dream is to better the quality of life for my family.

About Saroj Devi's livelihood

Saroj is a retailpreneur who works 13 hours a day for 7 days a week. With this loan Saroj will potentially obtain employment for 591 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

30,000

Loan
tenure

20 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

B

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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