Kamala has been running a retail store for over two years in Alwar district of Rajasthan, where she lives with her family. She is a hardworking women who supports and earns daily bread for her family of three. With the help of some credit, she wishes to purchase better quality materials and products, improve her shop setup to attract more customers. Invest in Kamala today as she hopes to provide a better life to her family.
Kamala is a retailpreneur who works 13 hours a day for 7 days a week. With this loan Kamala will potentially obtain employment for 591 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kamala 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
₹ 30,000
Loan
tenure
24 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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