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Shital

Rakesh Choudhari

Food Entrepreneur

Raigad, Maharashtra

455 livelihood days

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Shital

Rakesh Choudhari

#Cooking
Shital needs credit to renovate restaurant

Food Entrepreneur

Maharashtra

455 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Shital

Shital Rakesh Choudhari lives in Raigad district of Maharashtra with her family of 4 members. She is a hard working and brave woman, who has been running her own restaurant for the past 10 years, where she serves delicious Maharashtrian food to her customers. Despite operating her business for over a decade now, Shital still lacks adequate business funds. She’s looking towards raising a loan to renovate her restaurant, to follow a set of standards for hygiene, and to make the management more professional. Support Shital Rakesh Choudhari as she seeks support to renovate her restaurant to increase her business standards, and to diversify her business portfolio.

About Shital Rakesh Choudhari's livelihood

Shital is a food entrepreneur who works 10 hours a day for 7 days a week. With this loan Shital will potentially obtain employment for 455 days.

Interest Rate

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

Investee
pays

3.00% flat p.a.

5.40% APR

Social
Investor

3.00%

5.40% APR

Platform
charges

0.00%

0.00% 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

Food stall

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

Givfunds Social Ventures
   
Partner logo

Established in

2018

With Rang De from

2022

Founded by

Mr. Irwan Malhotra

Givfunds provides low cost capital to impactful social enterprises. Through their ecosystem-level approach and tech-enabled processes, Givfunds unlocks sustainable capital for social enterprises to create greater impact and change lives. Givfunds also works to create empowered women entrepreneurs by providing them access to financial, entrepreneur & digital training and credit to start their own nano/micro enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS