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Shashikala

Devi

Service Entrepreneur

Basti, Uttar Pradesh

364 livelihood days

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Shashikala

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Shashikala needs credit to purchase a new autorickshaw to run the transport services.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Shashikala

Shaishikala is running an autorickshaw transport business which her husband is also a part of it. Now, she is looking to purchase a new autorickshaw for her transport business. She's been driving on the project for three years and works hard to support her family. She requires a new autorickshaw to keep up with the demands of her customers. Shaishikala has grown her business over the years and has seen some success as well as setbacks. The open road has its fair share of challenges but with determination and resilience, she can achieve greater success. A new autorickshaw will help her grow her business and improve her life for her family. Invest in Shaishikala now!

About Shashikala Devi's livelihood

Shashikala is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Shashikala will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shashikala 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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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