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Nitin

Goud

Creative Entrepreneur

Khargone, Madhya Pradesh

1,00,000 has been disbursed

Borrower Image

Nitin

Goud

#resilient#industrious
Support Nitin raise working capital to fulfil a large order from Taneira

Creative Entrepreneur

Madhya Pradesh

1,00,000 has been disbursed

₹ 37,495.95 is
the current outstanding balance
62.5 0 0 37.5 62504 0 0 37496

62%

0%

0%

38%

About Nitin

Nitin Goud is a determined young man and a creative entrepreneur. Growing up, Nitin first set his sights on joining the Indian Airforce but unfortunately was unable to fulfil this dream. His determination to make something of himself led him to The Handloom School in Madhya Pradesh where he received training as a weaver. His acquired dexterity and resolve to succeed have landed him a large order from Taneira, Titan Company’s latest retail venture. He is now seeking working capital to fulfil this order. This is a big opportunity for him, one that could open many doors to success in his career. Invest in Nitin and set him up for a thriving journey as a weaver-entrepreneur.

Interest Rate

The interest rate charged is split into returns for the social investor and charges incurred by the platform.

Investee
pays

4.00% flat p.a.

7.20% APR

Social
Investor

3.00%

5.40% APR

Platform
charges

1.00%

1.80% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

₹ 1,00,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Handicrafts

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

Referred by Sourodip Ghosh
Profile pic
About me

I work as the Executive Director of The Handloom School, a project of WomenWeave Charitable Trust, located in Maheshwar, Madhya Pradesh. We support talented young weavers who are capable of building sustainable livelihoods, with access to training, networks, and technology. We hope to preserve and transform Indian handloom both as a sustainable art and a global industry, by transforming a new generation of handloom artisans into future ambassadors of the craft.

Why I am referring Nitin Goud

Nitin Goud was a student of mine at The Handloom School. I am extremely happy with the progress he is making and was delighted to learn of the order he has received from Taneira. We at The Handloom School want to do our best to support him with the working capital he needs to fulfil this order. It’s a big opportunity for him, and we hope that it will open many doors for him as a weaver-entrepreneur in the future.

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3

₹ 3000

Proceed to Pay

3

Total: ₹3000

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