Mamta Jha is a resident of Alwar, Rajasthan. She runs a small retail store in her village. The income from her business supports the expenses of her family, her husband and two sons. Mamta is now looking to expand her business. She is seeking credit to expand her store in a bid to also grow her monthly income. She hopes her small endeavor will better the quality of life for her family and help them make ends meet.
Mamta is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Mamta will potentially obtain employment for 409 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mamta Jha 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
18 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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