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Ushabai

Amrutpal Thakare

Creative Entrepreneur

Nandurbar, Maharashtra

234 livelihood days

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Ushabai

Amrutpal Thakare

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

Creative Entrepreneur

Maharashtra

234 potential days of livelihood

10,000 loan is fully repaid

10,000 loan is fully repaid


About Ushabai

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!

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ushabai Amrutpal Thakare has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Investee
occupation

Embroidery

Investee Credit Rating:
Very 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

Indian Micro Enterprises Development Foundation
   view website
Partner logo

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

FUNDS

INDIVIDUALS