With only one person looking after a family of four, Ganga has a great responsibility on her shoulders. She aspires to have a secure future for her family and therefore, needs credit to expand her business. She has been running her retail store for the past five years. Now, she wishes to purchase some stationery and bangles to restock her store. Support her so that she can get a few steps closer to her dreams.
Ganga Bhagavan is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Ganga Bhagavan will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ganga Bhagavan Waghmare 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
Others
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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