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Varsha

Retailpreneur

Jhansi, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Varsha

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Varsha needs credit to purchase cloth materials and essential items for stitching.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Varsha

Varsha is a resident of Jhansi and has been in the apparel business for about six years. She works hard to support her family and has invested her personal savings in her business. However, she has not been able to cover all her business expenses. For this reason, she needs a loan to buy additional cloth materials and essential items for stitching such as threads, needles, scissors, etc. She hopes to purchase these items on time so that she can take more orders as it is the festival season now. Invest in Varsha now and support her business to flourish!

About Varsha 's livelihood

Varsha is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Varsha will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Varsha 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

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