Vndana is a working woman, who has started her own store of designer clothes. Vndana has been running her apparel store over the last 7 years, having the ambition to step ahead of her competitors. And now, with her immense passion and experience, she wants to upscale her business to newer heights. She needs a loan to restock her store with a variety of materials and renewed stock. This will increase her income subsequently and become sustainable.
Vndana is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Vndana will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Vndana Ingole 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
₹ 25,000
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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