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Saiman Bano

#shopkeeper#resilient
Support Saimon stock up her retail store so she can grow her income.

Retailpreneur

Alwar, Rajasthan

20,000 has been disbursed

637 potential days of livelihood i

5,555.44 is the current outstanding balance

100 0 0 14445 0 0

100%

0%

0%


Saiman Bano is a mumpreneur who juggles motherhood, running a household and her small retail store in the village in Alwar, Rajasthan. She lives with a family of four. Her husband, Faruk works as a labourer and their two children, Ruksana and Raveen are currently enrolled in school. With growing expenses, Saimon is seeking credit to restock her retail store with more groceries and other retail items in order to draw in more customers. This will enable her to grow her monthly income to expand her business further and to support her family. Invest in determined Saiman as she wins for her family.

My dream is to expand my small retail store.

About Saiman Bano's livelihood

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

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

Investee
pays i

6.0% flat p.a.

10.8% APR

Social
Investor i

2.0%

3.6% APR

Impact
Partner i

up to 3.0%

5.4% APR

Platform
charges i

1.0%

1.8% APR

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

Loan
amount

20,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Retail store

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

IBTADA

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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