Borrower profile: She is running a tailoring business and stays with her husband and two school going children
Loan purpose: To buy tailoring machine for expanding business
Repayment Source: She is earning Rs.5000/- per month and her husband is earing Rs. 7000/- and her monthly income is expected to increase by Rs. 3000/- after buying another machine for business; from this income she will be able to pay EMI around Rs. 2750/- per month
Borrower's impact: It will help her to save some money for her son?s better future

Requires Rs. 30,000

Raised: Rs. 18,400NEED Rs.11,600

Lending Amount

Loan Details

Loan Amount Rs. 30,000Lenders Return10%
Repayment ModeMONTHMicroGraam Fee *7.00%
No of Installments12Processing Fee **1%
Total Cost to Borrower ***18.89%
* Charged during loan tenure + applicable GST
** Processing fee paid as part of first installment + applicable GST
*** Annual Percentage Rate + applicable GST