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Shobha H C

Manju H A

Retailpreneur

Mysuru, Karnataka

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4 Borrower Image 5

Shobha H C

Manju H A

#Mumpreneur# Creative
Foster fashion with Shobha's innovations

Retailpreneur

Karnataka

273 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Shobha H C

Shobha HC Manju hails from Hosuru. She sells apparel wear at her store in her village and her income helps support her family and children. The designer in Shobha wants to explore embroidery so she can create beautiful outfits for the women of the district. A purchase of an embroidery machine is the next step for her on this exciting journey. She hopes to one day also be trained to use a computer. Indian fashion is conquering the world and women like Shobha play an important role in this big picture.

About Shobha H C Manju H A's livelihood

Shobha H C is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Shobha H C will potentially obtain employment for 273 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shobha H C Manju H A has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

5.00%

9.00% APR

Platform
charges

5.00%

9.00% APR

Loan Details

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

Loan
amount

30,000

Loan
tenure

18 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel store

Investee Credit Rating:
Very 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

Vild Foundation

   
Karnataka
Partner since 2019
Partner logo

About

VILD Foundation, along with its sister organisation Swami Vivekananda Youth Movement, has been working in various sectors of community development for the past 6 years. Formation and promotion of SHGs, microfinance and income generation activities have been part of their interventions for improving the socio-economic status of the communities. Presently they are operational in Mysore district, facilitating around 311 SHGs covering 90 villages & 6 towns. VILD has been working as a business correspondent for Nabfins since March -2015 & has been working with RangDe as a Impact partner since 2013.

Impact Narrative

Rang De loans are enabling street vendors, farmers and micro entrepreneurs in rural Mysore to build and grow their businesses.

Rupees Icon

Rs 14,35,000

Disbursed
User circle icon

85

Investees
Repayment icon

95.0%

Repayments
Left quotes

Rang De's concern towards excluded communities is reflected in the interest rates that are offered to the borrowers.

- N Mahadevswamy, Senior Manager, VILD
RIght quotes
whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS