Meet Muli Devi, a hard-working woman living in Alwar, Rajasthan. Muli has been working as a farmer for the last five years, supporting her family of five. She’s now wishes to expand her business. Her plan is to purchase a buffalo and nurture it. Muli hopes that through the sales of the milk, she will be able to increase her income, support her big family and also kick start a small but successful dairy business. Invest in Muli Devi to see her progress.
Muli is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Muli will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Muli 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
₹ 50,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
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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