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Charaka Women Cooperative Society

#passionate#achiever
Invest in Charaka Women Cooperative Society.

Creative Entrepreneur

Shimoga, Karnataka

10,00,000 has been disbursed

312 potential days of livelihood i

833,333.32 is the current outstanding balance

100 0 0 166667 0 0

100%

0%

0%


Charaka Women Co-operative Society situated at Bheemankone Village on the western Ghats of southern India produces beautiful, handcrafted, and naturally dyed cotton garments that are sold under the brand name DESI. They need credit to get working capital to buy yarn, natural dye and other raw materials. They will also utilize the loan to meet labor and other expenses. Invest in Charaka Women Cooperative to promote sustainable livelihood of fellow Indians.

We wish to set up a wholesale market for pure handloom and naturally dyed fabric.

About Charaka Women Cooperative Society's livelihood

Charaka Women is a creative entrepreneur who works 8 hours a day for 6 days a week. With this loan Charaka Women will potentially obtain employment for 312 days.

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

Investee
pays i

4.0% flat p.a.

7.2% APR

Social
Investor i

3.2%

5.8% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.8%

1.4% APR

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

Loan
amount

10,00,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Handicrafts

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

CHARAKA WOMEN'S MULTIPURPOSE INDUSTRIAL CO-OPERATIVE SOCIETY LTD

Established in

1994

With Rang De from

2019

Founded by

Shri. Prasanna

The idea was incepted in 1994, to provide an alternative to the dependency on agriculture, which was causing caused immense damage to the eco-system. A weaving center was set up to demonstrate that handloom weaving could be viable and profitable in the region. Charaka was started with 30 women workers, and this number has grown to 800. The women plan their own production schedules and consequently there is a high sense of ownership amongst the cooperative's members. The women are their own paymasters. They draw a decent living wage, give themselves a small bonus every year, eat subsidised food, have health insurance and take home loans.

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