Shijagurumayum is a full time mother and a successful entrepreneur running an embroidery business in Imphal, Manipur. She has been into the hand loom business for over fifteen years and wishes to expand her business despite the pandemic, so needs credit for the same. She will use the credit to buy necessary materials required to make wedding dresses and other materials. Invest in Shijagurumayum and help her increase her monthly income.
Shijagurumayum is a creative entrepreneur who works 8 hours a day for 6 days a week. With this loan Shijagurumayum will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shijagurumayum Somola Devi has consented to pay the interest as below:
Investee
pays
2.01% flat p.a.
3.62% APR
Social
Investor
2.01%
3.62% APR
Platform
charges
0.00%
0.00% APR
The interest rate displayed here is based on the rate chosen by you. To choose a different rate, please click here.
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 2,50,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Embroidery
Established in
2004
With Rang De from
2020
Founded by
Anirban Gupta, Nidhi Gupta, Arindam Dasgupta
Project Her&Now, GIZ: Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH is implementing the project 'Economic Empowerment of Women Entrepreneurs and Start-ups by Women' on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and in partnership with the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India, to support aspiring and existing women entrepreneurs in India. Under the name of 'Her&Now', the project aims to contribute to a more enabling environment for women-led enterprises in India. Dhriiti - The Courage Within, founded in 2004, is a non-profit organisation working for the promotion of entrepreneurship across the country. With a vision to create financial, social, and ecologically (FSE) impactful entrepreneurs and enterprises and generate sustainable livelihoods, Dhriiti works with women, youth, children, and communities in economic crisis (CiEC); to build the spirit of entrepreneurship among Indian youth and to provide training on entrepreneurship skills, build businesses and deliver activities to grow local economies. Dhriiti has worked in 27 states across India to equip people from diverse socio-economic backgrounds with a strong focus on women entrepreneurs. With extensive knowledge and experience in working at different regions of India, Dhriiti continues to deliver the service of incubating women entrepreneurs in India through different projects like Ekta, YouStart NE, Project Pragati, WeCan, Beautypreneur and Project Her&Now
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