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Savitri

Devi

Service Entrepreneur

Tikamgarh, Madhya Pradesh

312 livelihood days

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Savitri

Devi

#believer#strength
Support Savitri as she purchases welding materials for her repair shop.

Service Entrepreneur

Madhya Pradesh

312 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Savitri

Savitri Devi has been involved in repairing work for the past three years. She has been working hard and putting effort to grow her business gradually. Now, she is in need of some funds to expand her business by purchasing more raw materials. With a loan, she will purchase more raw materials like iron rods for welding purposes. This will make her more efficient and she will be able to provide quality repairing services to her customers. Invest in Savitri's repair shop today!

About Savitri Devi's livelihood

Savitri is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Savitri will potentially obtain employment for 312 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Repair works

Investee Credit Rating:
Very Good

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

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS