Shilabai is smart and talented woman, who is running a tailoring unit. Shilabai has 4 years of experience in this field and has reached a stage where her business can be expanded with a little investment.With the help of the loan, she will be able to purchase a buy pico-fall machine, a sewing machine and an electric motor. This loan will also help her purchase raw materials and expand her business in Beed and make it a profitable venture.
Shilabai Dattatry is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Shilabai Dattatry will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shilabai Dattatry Rokade 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
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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