Urmila is a resident of Beed who has been a domestic worker for the past five years. She has a small-scale business where she sells bangles to the local people. She has started this business with the little savings she had and has done a great job by selling many of her products. Currently, she is looking for a loan to expand her business. This loan will help her purchase glass bangles, bangles rack, and other necessary items. Invest in Urmila and help her lead a better life!
Urmila is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Urmila 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. Urmila Sunil Kasbe 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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