Usha More has experience working in the garment industry for more than four years. With this loan, she will be able to buy a new sewing machine and an electric motor with which she will be able to make her work easier. She can produce her products in a faster and better way. With your help, Usha will be able to take more orders from her customers and deliver the products on time. She will be able to live more comfortably. Lend Usha a helping hand so that she can lead a better life!
Usha is a retailpreneur who works 6 hours a day for 6 days a week. With this loan Usha 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. Usha More 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
Apparel store
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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