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Soni

Ovhal

Beautypreneur

Beed, Maharashtra

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Soni

Ovhal

#breadwinner#positive
Soni needs credit to expand her beauty parlor.

Beautypreneur

Maharashtra

409 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Soni

Soni Ovhal lives with a family of three. She owns a beauty parlor in Beed, Maharashtra. She is looking to expanding the business. This loan will enable her to purchase new cosmetics for her parlor and reach out to more customers. Expanding the business would mean a higher income for the family. This credit would help in making her dreams come true.

About Soni Ovhal's livelihood

Soni is a beautypreneur who works 9 hours a day for 7 days a week. With this loan Soni will potentially obtain employment for 409 days.

Interest Rate

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

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

25,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

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

Navchetana Sarvagin Vikas Kendra
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS