Geeta Devi is an entrepreneur. She runs a retail outlet in Alwar, Rajasthan. The revenue from this business serves as an income for this family of four. Geeta wishes to expand her business and is seeking credit to purchase furniture to revamp her shop. She also wishes to restock the products for the business. She dreams of setting up and expanding her store. Invest in Geeta as she wins for her family.
Geeta is a retailpreneur who works 14 hours a day for 7 days a week. With this loan Geeta will potentially obtain employment for 637 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Geeta Devi has consented to pay the interest as below:
Investee
pays
6.00% flat p.a.
10.80% APR
Social
Investor
2.00%
3.60% APR
Platform
charges
4.00%
7.20% 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
Retail store
Established in
1997
With Rang De from
2020
Founded by
Rajesh Singhi
Ibtada, meaning ‘the beginning’, is a not for profit organisation that was started in 1997 to uplift women and girls in the Alwar district of Rajasthan. Rural poverty and deprivation are a major issue grappling the region, and Ibtada has introduced interventions in the space of Education, Financial Inclusion, Livelihood Generation, and Awareness about Rights and Entitlements. Although Ibtada is hand holding women through the process, the ultimate aim is to make them independent and empowered to stand up for themselves. Ibtada has reached over 50,000 households in 400+ villages in Alwar District, Rajasthan.
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