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Saroj Devi

#hardworking# passionate
Saroj needs credit to grow her apparels store.

Service Entrepreneur

Alwar, Rajasthan

60,000 has been disbursed

455 potential days of livelihood i

37,500 is the current outstanding balance

100 0 0 22500 0 0

100%

0%

0%


Saroj lives with a family of four. She owns an apparels business in Alwar, Rajasthan. She is looking to expanding her business. Expanding the business would mean a higher income for the family. She will use this loan amount to invest in purchasing women and children's garments and growing her inventory. This will help her expand her customer-base. This credit will take her one step closer to her dreams.

I wish to give a good future for my children.

About Saroj Devi's livelihood

Saroj is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Saroj will potentially obtain employment for 455 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

60,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

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

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

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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