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Sarika

Kakade

Service Entrepreneur

Beed, Maharashtra

409 livelihood days

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Sarika

Kakade

#provider#resilient
Sarika needs credit to expand her tailoring business.

Service Entrepreneur

Maharashtra

409 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Sarika

Sarika Kakade owns a tailoring shop in Beed, Maharashtra. She has had six years of experience in this business and is now looking to expand her business. She intends to use this opportunity to gain a stronger market presence, by adding more tailoring machines and other accessories to her store. This will attract more customers. These are stepping stones to fulfilling her dreams of expanding her business.

About Sarika Kakade's livelihood

Sarika is a service entrepreneur who works 9 hours a day for 7 days a week. With this loan Sarika will potentially obtain employment for 409 days.

Interest Rate

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

Loan Details

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

Others

Investee Credit Rating:
Good

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

Navchetana Sarvagin Vikas Kendra
   
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS