Ratanamala lives with her family in Beed Maharashtra. She is an entrepreneur and runs a food and condiments business from home. She has been supporting her family with this income for the past ten years. She is now looking for a loan to add a chilli processing machinery to her business. She works hard to run her enterprise with the help of her family. She is their breadwinner and this income will aid her dream of securing a happy future for all of them.
Ratanamala is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Ratanamala will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ratanamala Pawar 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
Food 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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