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Vineeta

Devi

Retailpreneur

Almora, Uttarakhand

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Vineeta

Devi

#gogetter#ambitious
Vineeta is looking forward to launching her tailoring business with this credit.

Retailpreneur

Uttarakhand

409 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Vineeta

Ambitious Vineeta is not new to the apparel business sector. She has twelve years of experience running her apparel store and is now ready to take her business to the next level. She intends to begin a tailoring business on the side to cater to a wider range of customers. She will use the loan to purchase a tailoring machine. She hopes that by starting her tailoring business, she would also be able to employ someone to support her business. Vineeta’s long term dream is to open multiple outlets across Uttarakhand. With two sons to support, Vineeta is leaving no stone unturned to ensure a bright and secure future for her family.

About Vineeta Devi's livelihood

Vineeta is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Vineeta 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. Vineeta 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

Loan Details

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

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel 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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS