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Javaraju

kariyaiah

Retailpreneur

Mysuru, Karnataka

Loan Written Off

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Javaraju

kariyaiah

#Retailpreneur# Passionate
Invest in a music-lover's general store and echo growth

Retailpreneur

Karnataka

Loan Written Off

409 potential days of livelihood


About Javaraju

Deep in the Western Ghats lies the town of Jayapura. An ambitious father and music-lover, Javaraju Kariyaiah has been running a general store in this town for seven years now and is looking to expand his business. An organised mind, Javaraju has carefully planned exactly how he’ll use the loan. He’s ready to put in the hours to make his dreams a reality, already working seven days a week. With an infusion of some capital, he could achieve a lot Javaraju wants to earn enough to provide a great education for his child, Vishal, who is currently in high school.

About Javaraju kariyaiah's livelihood

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

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Javaraju kariyaiah has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

40,000

Loan
tenure

20 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Vild Foundation

   
Karnataka
Partner since 2019
Partner logo

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rupees Icon

Rs 14,35,000

Disbursed
User circle icon

85

Investees
Repayment icon

95.0%

Repayments
Left quotes

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS