Priyanka Mali owns a small apparel business in Beed, Maharashtra. She is looking for credit to expand her business activities. She needs to restock her store with sarees and blouse materials and expand her collection. Investing in her business will help raise the family's income and wellbeing. Support Priyanka, a female entrepreneur to expand her business.
Priyanka is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Priyanka will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Priyanka Mali has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel store
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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