Ananthi runs a pottery business in which she produces various pottery products which are sold to local customers in and around Kancheepuram. She produces everyday household items such as pots, cook vessels, vases and water containers. She also produces specialized products for festival times, earning higher profit margins during the summer season.
With 8 years in the business, this pottery business is ready to expand.
- Local currency:
- InVestment Size:
- $564.00 $1.00 = Rs44.41 as of 08/05/2011
- Expected InVestment Term:
- 13 months
- Currency Exchange Loss:
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.
|Years of Experience:||8|
|Number of Employees:||3|
|Previous Micro-Loan History:||2 previous loan amounts: Rs. 10,000 and Rs. 16,000, paid back successfully.|
Terms: Flexible, revenue-sharing contract. Mrs. Ananthi commits 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. Ananthi 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.
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. Ananthi will be reinvesting a percentage of her monthly gross profit in a community development project through the Association of Sustainable Community Development (ASSCOD). Mrs. Ananthi's reinvestment will directly support ASSCOD's education and health initiatives.
Learn more about community re-investment
Progress Payment $45.56 made on 09/13/2011
September 2011 update: Mrs. Ananthi submits her first principal repayment. Her first month of the contract is her grace period and does not make a revenue-share payment. Mrs. Ananthi has purchased raw clay in bulk to increase her pottery production.