Iqbalunnissa runs a clothing store in her locality. She is a dedicated and hardworking entrepreneur. With the pandemic, her business slumped and there was a substantial decrease in customers. Iqbalunnissa looks forward to stocking her store with a brand new clothing line, and a new variety of dress materials, to kick start again. The loan will help her with much-needed working capital. Invest in her as she strives to provide better products to her customers.
The interest rate charged is split into returns for the social investor and charges incurred by the platform.
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 20,000
Loan
tenure
24 months
Moratorium
1 month
Repayment
mode
EMI
Investee
occupation
Apparel store
I am a social worker, and have been working with Parvaaz since 2003. I am involved in work on issues faced by women - especially adolescents and Muslim women. I work with a rights based approach with the constitution of India at the center. I work on developing leadership skills, and creating a community of women leaders. We try to understand issues, support them and make them independent of even the organization itself.
Iqbalunnissa is a skilled entrepreneur and an expert retailer. She has been running a small clothing store, and has created a good income for herself over the past few years. During the pandemic she was not able to sell any of her inventory, which got affected in terms of quality as a result of rains ,and long-term disuse. She needs a loan to restart her store. Receiving a formal loan will also help her build a credit score, which in the longer run will make it easier for her to access institutional credit.
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