₹ 19,996 is
the current outstanding balance
60%
0%
20%
20%
Sevanti Bai is from Khandwa, Madhya Pradesh. She is a hard-working woman who has been involved in animal husbandry for the last four years. She takes care of her goats on her own and makes some income to support her family. Her business, although it is running well, requires additional funds as she wishes to expand it. She needs a loan to buy more goats and improve her income. Invest in Sevanti as she makes another investment in her business.
Sevanti is an agripreneur who works 4 hours a day for 6 days a week. With this loan Sevanti will potentially obtain employment for 156 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sevanti Bai Uike has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 40,000
Loan
tenure
18 months
Moratorium
2 months
Repayment
mode
EQI
Investee
occupation
Animal husbandry
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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