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Saroj

Devi

Retailpreneur

Alwar, Rajasthan

591 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Saroj

Devi

#brave#ambitious
Saroj needs credit to open her small retail store.

Retailpreneur

Rajasthan

591 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Saroj

Saroj Devi is a mother, wife and budding entrepreneur from Alwar, Rajasthan. She works seven days a week for nearly thirteen hours each day. Now, Saroj is ready to take on an entrepreneurial venture to support the needs of her family. With the credit, she hopes the shop will enable her to better the quality of life for her four-member family. She wishes to stock her store with animal food products. She intends to also use a small amount of the loan for the initial installation costs. Make your investment in determined Saroj today.

About Saroj Devi's livelihood

Saroj is a retailpreneur who works 13 hours a day for 7 days a week. With this loan Saroj will potentially obtain employment for 591 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Saroj Devi has consented to pay the interest as below:

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

2.00%

3.60% APR

Platform
charges

4.00%

7.20% APR

Loan Details

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

Loan
amount

30,000

Loan
tenure

20 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

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

Ibtada
   view website
Partner logo

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS