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Varsha

Pal

logoCreative Entrepreneur

logo Niwari, Madhya Pradesh

logo 20,000 has been disbursed

logo 195 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Varsha

Pal

#hustler#dedicated
Support Varsha to purchase a new sewing machine and expand her tailoring shop.

logoCreative Entrepreneur

logo Niwari, Madhya Pradesh

logo 20,000 has been disbursed

logo 195 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

4,987.9 is
the current outstanding balance

100 0 0 15012 0 0

100%

0%

0%


Varsha has been working in the tailoring field for the last two years. She is focusing on embroidery work. Currently, she works from her home and hardly gets any time to meet her clients. As such the business is not going well. Varsha is now looking to buy a sewing machine and expand her business. With this loan, she will be able to take more orders and deliver the products on time to the customers. This will also ensure that she makes more profit. Invest in Varsha now!

I wish to provide employment to the women in my area.

About Varsha Pal's livelihood

Varsha is a creative entrepreneur who works 5 hours a day for 6 days a week. With this loan Varsha will potentially obtain employment for 195 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

20,000

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