Shubham is a resident of Burhanpur and has been running a retail store for automobile parts. He is seeking a loan to restock his supplies to open and operate his store. With the money, he can buy necessary supplies and also repay the loan on time.
Shubham is a service entrepreneur who works 6 hours a day for 6 days a week. With this loan Shubham will potentially obtain employment for 234 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shubham Malviya has consented to pay the interest as below:
Investee
pays
7.00% flat p.a.
12.60% APR
Social
Investor
3.00%
5.40% APR
Platform
charges
4.00%
7.20% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 15,000
Loan
tenure
15 months
Moratorium
1 month
Repayment
mode
EMI
Investee
occupation
Repair works
Established in
2002
With Rang De from
2022
Founded by
Seema - Prakash
Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.
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