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Shanku

Bai

Retailpreneur

Pali, Rajasthan

195 livelihood days

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Shanku

Bai

#resilient#achiever
Invest in Shanku Bai to start a provision store in her village.

Retailpreneur

Rajasthan

195 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Shanku

Shanku Bai is a hard-working woman seeking a loan to start her own provision shop in her village in Pali, Rajasthan. She lives there with her family of six and has been supporting them by doing farming. Now, she plans to diversify her income to provide a better life for her family. This loan will be used to purchase necessary goods and materials for the provision store. Invest in Shanku Bai as she wishes to lead a quality life!

About Shanku Bai's livelihood

Shanku is a retailpreneur who works 6 hours a day for 5 days a week. With this loan Shanku will potentially obtain employment for 195 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Impact
Partner

up to 4.00%

7.20% APR

Platform
charges

2.00%

3.60% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

15 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
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

Ghoomar Mahila Samiti
   
Partner logo

Established in

2015

With Rang De from

2020

Founded by

SAGI BAI

Registered under the societies registration act on 2nd February 2015, the federation comprises 4000 women. The federation works with the tribal communities of Rajasthan. The main source of income for the communities here is agriculture, stone-cutting and daily wage labour. With a strong presence of moneylenders charging exorbitant rates of interest, these communities have no other choice but to borrow at these rates to keep their business going. Ghoomar has been working tirelessly with these communities to help them build their livelihoods in a more sustainable manner by providing them with access to low cost credit and supporting their livelihood activities.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS