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Kiran

Thorat

Retailpreneur

Beed, Maharashtra

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Kiran

Thorat

#growth#provider
Kiran needs credit to expand her apparel business.

Retailpreneur

Maharashtra

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Kiran

Kiran Thorat is an ambitious woman. She juggles being a full-time mother while simultaneously running an apparel store in Beed, Maharashtra. Now, Kiran wishes to expand her business venture by adding more clothing to the store. She needs to purchase more kids' wear and sarees to the store. This will help support her husband who works in the agricultural sector and will also let Kiran save up money to construct a house in Beed for her family and her. The loan will help boost the sales at the store by drawing in more customers and in the process empower Kiran as she strives to become a successful businesswoman.

About Kiran Thorat's livelihood

Kiran is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Kiran will potentially obtain employment for 364 days.

Interest Rate

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

Loan Details

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

Apparel store

Investee Credit Rating:
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

Navchetana Sarvagin Vikas Kendra
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS