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Pinki

Devi

Retailpreneur

Alwar, Rajasthan

637 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Pinki

Devi

#strength#believer
Pinki is looking forward to building her apparels business.

Retailpreneur

Rajasthan

637 potential days of livelihood

24,500 loan is fully repaid

24,500 loan is fully repaid


About Pinki

Pinki is an apparel store owner from Alwar, Rajasthan. She has had two years of experience in this business and is now looking to expand her store. She intends to use this opportunity to gain stronger market presence, by expanding her collection and refurnish the store to attract more customers. She will use this credit to avail raw materials and restock her store. In the future she wishes to open a fast-food restaurant for her husband. These are stepping stones to fulfilling her dreams.

About Pinki Devi's livelihood

Pinki is a retailpreneur who works 14 hours a day for 7 days a week. With this loan Pinki will potentially obtain employment for 637 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pinki 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

Loan Details

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

Loan
amount

24,500

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

Investee Credit Rating:
Adequate

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

Ibtada
   view website
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS