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Narmada

Devi

Retailpreneur

Ajmer, Rajasthan

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Narmada

Devi

#resilient#ambitious
Help Narmada refurbish her footwear store as she dreams of a new house

Retailpreneur

Rajasthan

364 potential days of livelihood

₹ 50,000 loan is fully repaid

₹ 50,000 loan is fully repaid

About Narmada

Narmada Devi is the owner of a footwear store in Ajmer, Rajasthan. Now with the plans of soon constructing a house for her family, Narmada has decided to restock and upgrade her store so she can build her revenue. She has applied for a loan which will finance the purchase of shoes and slippers of different sizes for her customers. In addition, Narmada wants to give her store a facelift and is hoping to also use part of the loan to buy new furniture for the store. She will be able to attract more customers to her store allowing her to grow her income. Finally, Narmada dreams of seeing her son becoming a doctor in the future. Invest in Narmada as she wins for her family.

About Narmada Devi's livelihood

Narmada is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Narmada 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. Narmada Devi 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

Loan Details

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

Retail 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

Rajasthan Mahila Kalyan Mandal

   
Rajasthan
Partner since 2019
Partner logo

About

Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development

Impact Narrative

Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.

Rupees Icon

Rs 37,05,000

Disbursed
User circle icon

80

Investees
Repayment icon

100.0%

Repayments
Left quotes

Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.

- Nanu Lal Prajapati, Head of Livelihoods project, RMKM
RIght quotes
whatsapp_icon

3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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