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Mrs. Selvi
Mrs. Selvi sells salt and rangoli powder (used for traditional decoration) to clients from their bullock-driven (animal driven) cart. Sales are high, and they are not able to meet all of the customer demand. Often they ration sales to clients to allow their distribution to reach more towns. With a new InVestment, Mrs. Selvi will be able to end their rationing practice, add 10-15 new villages to their route by upgrading to a mechanized lorry, and Mrs. Selvi will also open a stall in the Cheyyar market to sell both items.
After 7 years of success, help this business grow and widen its reach.
- Local currency:
- Rs50,000.00
- InVestment Size:
- $1,021.03 $1.00 = Rs48.97 as of 10/13/2011
- Expected InVestment Term:
- 13 months
- Currency Exchange Loss:
- Possible
Currency Fluctuations
Since our micro-entrepreneurs are based internationally, their investments will be disbursed in their local currency. Interest rates, political instability, economic/financial market conditions can affect a currency's value with respect to the US dollar. Given the inherent risky natural of these developing economies, currency devaluation is possible. Currency exchange loss on your principal is possible if the US Dollar appreciates by more than 20% against the local currency.
| Country: | India  |
|---|---|
| Business: | Salt & Rangoli sales |
| Years of Experience: | 7 |
| Number of Employees: | 2 |
| Previous Micro-Loan History: | 1 year loan at 24% fixed interest rate for Rs. 15,000, paid in full according to principal & interest schedule. |
Terms: Flexible, revenue-sharing contract. Mrs. Selvi commits 3.5% of her monthly revenue in the form of variable-rate dividend payment. These payments are capped at a maximum of 30% of the InVestment amount per annum. The micro-entrepreneur is given a one month grace period in which no dividend is due and will make monthly principal payments based on the pre-determined InVestment term. Mrs. Selvi pledges 1% of her monthly net profit towards a Community ReInVestment project. InVenture will receive a management fee of 10% of the total InVestment size, paid from the cumulative revenue-share dividend payment, InVestors will receive SEEDs based on the residuals.
Community Re-InVestment
InVenture believes that community reinvestment can be catalyst for a positive feedback loop; growing a community through a business, while growing a business through a community. Mrs. Selvi will be reinvesting a percentage of of her monthly gross profit in a community development project through the Association of Sustainable Community Development (ASSCOD). Mrs. Selvi's reinvestment will directly support ASSCOD's education and health initiatives.
Learn more about community re-investment