Seema lives with a family of four. She owns a business in Ajmer, Rajasthan. She is looking to expanding the business. Expanding the business would mean a higher income for the family. She will use this credit to purchase a wooden table and all the materials required to complete her inventory. She hopes that with the profit from the store, she can build a fence to protect her farm. This credit would help in making her dreams come true.
Seema is a retailpreneur who works 11 hours a day for 7 days a week. With this loan Seema will potentially obtain employment for 500 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Seema Devi 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
₹ 50,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
Rajasthan Mahila Kalyan Mandal Sanstha, Ajmer founded in 1975 started working in the field of disability & rehabilitation since 1988. Organization started Community Based Rehabilitation program in 1998 for those Children With Special Needs who couldn’t reached Day Care Centre due to transport or any other reason. Presently, Organization is working with more than 1900 CWSN in Rajasthan. RMKM works with rural communities and Persons With Disability to rehabilitate them by enabling ownership over environment, institutions and communication. The areas in which we work towards a more empower and equitable future are as follows: Education and Inclusion, Health, Livelihood Promotion and Micro-Credit, Human Resources Development
Credit is virtually inaccessible to the women entrepreneurs in Rajasthan. The Rang De loans are designed to empower these women to start and grow their businesses.
Rs 37,05,000
Disbursed
80
Investees
100.0%
Repayments
Rang De works with the same mission as ours - upliftment and welfare of the poor, backward and the specially abled, leading to their respectful and dignified life in the society.
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