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Sheela

Devi

Creative Entrepreneur

Jhansi, Uttar Pradesh

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sheela

Devi

#hustler#provider
Sheela needs a loan to upscale her handicraft business.

Creative Entrepreneur

Uttar Pradesh

318 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Sheela

Sheela Devi happily works at her own home-based venture with her family. She has been in the handicraft industry for over 12 years and has a good experience in designs. Sheela was not able to pursue education and because of her financial condition, she chose this profession. Sheela's family, who is dependent on her for survival take part in the manufacturing process as well. Sheela has an adequate interest in her business and a dream to become self-sufficient; however, her low income makes her feel helpless. Sheela needs a loan to purchase designing equipment. This will help her grow, which will lead to increased profits and improved standard of living. The loan will also facilitate the training of her family, improving their skills in the field.

About Sheela Devi's livelihood

Sheela is a creative entrepreneur who works 7 hours a day for 7 days a week. With this loan Sheela will potentially obtain employment for 318 days.

Interest Rate

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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Handicrafts

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

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