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Lalita

Devi

Retailpreneur

Alwar, Rajasthan

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Lalita

Devi

#courageous#go-getter
Help Lalita expand her business and provide good future to her children.

Retailpreneur

Rajasthan

546 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Lalita

Lalita is from Alwar district in Rajasthan where she lives with her family of six and runs the household with the help of the money earned from her retail store. Due to the current pandemic it is hard for her to procure all the raw materials and goods for her retail shop on time. She will utilize the loan to stock up the products and goods, improve her shop setup and enjoy a secure life with her family. Invest in Lalita today

About Lalita Devi's livelihood

Lalita is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Lalita will potentially obtain employment for 546 days.

Interest Rate

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

Loan Details

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

Investee Credit Rating:
Adequate

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

Ibtada
   view website
Partner logo

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS