Madina Shaikh is running a beehive. Her retail store is a happy and happening place running seven days a week. Madina is ready to step it up and is seeking credit to restock her store with new products. She hopes that with these purchases, she will be able to drive up sales and increase her income. Her big dream is to construct a concrete house for her family and to see her business keep growing. Contribute to Madina’s success and watch as she aces the entrepreneurial game.
Madina is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Madina will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Madina Shaikh 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
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 35,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
SSK was established by Swayam Shikshan Prayog (SSP), a development organization in the year 2006. Sakhi Samudaya Kosh works to provide socially relevant financial services for rural women and their communities in order to reduce poverty and improve quality of life. Their main objective is to seed the idea of entrepreneurship among local communities and 'create community influencers' for women and girls.
Rang De has partnered with SSK to provide women leaders in the community with access to affordable and timely credit.
Rs 1,15,25,500
Disbursed
388
Investees
100.0%
Repayments
Customized loan products with affordable interest rates and long repayment tenures help the women entrepreneurs in our community to reinvest their income and expand their business turnover.
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