false
false 0 0 WeeGbWErNf

Vineeta

Devi

logoRetailpreneur

logo Almora, Uttarakhand

logo 50,000 has been disbursed

logo 409 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Vineeta

Devi

#gogetter#ambitious
Vineeta is looking forward to launching her tailoring business with this credit.

logoRetailpreneur

logo Almora, Uttarakhand

logo 50,000 has been disbursed

logo 409 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

8,333.2 is
the current outstanding balance

86.96 0 13.04 41667 6250 0

87%

13%

0%


Ambitious Vineeta is not new to the apparel business sector. She has twelve years of experience running her apparel store and is now ready to take her business to the next level. She intends to begin a tailoring business on the side to cater to a wider range of customers. She will use the loan to purchase a tailoring machine. She hopes that by starting her tailoring business, she would also be able to employ someone to support her business. Vineeta’s long term dream is to open multiple outlets across Uttarakhand. With two sons to support, Vineeta is leaving no stone unturned to ensure a bright and secure future for her family.

I wish to give a good education to my children.

About Vineeta Devi's livelihood

Vineeta is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Vineeta will potentially obtain employment for 409 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

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

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

1.00%

1.80% APR

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel store

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.

Udhyam Housed Under Agrani India Foundation
   view website

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0