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Ushabai

Amrutpal Thakare

logoCreative Entrepreneur

logo Nandurbar, Maharashtra

logo 10,000 has been disbursed

logo 234 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Ushabai

Amrutpal Thakare

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Ushabai wants to purchase a sewing machine for her business.

logoCreative Entrepreneur

logo Nandurbar, Maharashtra

logo 10,000 has been disbursed

logo 234 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

5,832.1 is
the current outstanding balance

100 0 0 4168 0 0

100%

0%

0%


Ushabai has been in the embroidery business for 10 years now. She takes orders from tailors and earns a commission for each piece she does. She's very talented and capable, but since she cannot afford to buy embroidery supplies, she has to rely on other people, who also charge commission. However, if she had her own machine, she could save a lot of money that she can invest in buying more materials to sell. Thus she will become self-reliant, be able to earn more and help other women become financially independent. Support Ushabai today!

I want to open my own boutique one day.

About Ushabai Amrutpal Thakare's livelihood

Ushabai is a creative entrepreneur who works 6 hours a day for 6 days a week. With this loan Ushabai 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.

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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

Loan
amount

10,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Embroidery

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0