Loan Details

Amount Rs. 10,000
Status 100% repaid
Repayment mode Monthly
Number of installments 12
Estimated disbursal date 26 Dec 2012
Disbursed on 28 Dec 2012
Last repayment date 28 Dec 2013
Interest Rate 8.5% flat p.a.

Susama Das

Bhoi sahi, Balasore, Orissa

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Current Loan Status : Repaid

Susama Das from Bhoi Sahi village, Orissa runs her home based tailoring business since 3 yrs. She needs a loan of Rs. 10,000 to expand her tailoring business. Susama started her tailoring venture with a hard loan of Rs 5,000. The first cycle Rang De loan helped her to move her job smoothly. Now she has flooded with large number of stitching order including her readymade making business. Now she needs yet another loan of Rs. 10,000 to start embroidery work, which will fetch her greater profits then the simple tailoring job. Hence she applies the second cycle loan to purchase a latest quality of embroidery machine including the raw material. As, her job is moving well, she believes this second cycle loan will help her to expedite her monthly income. The cost of the machine is average Rs. 7,000. Apart from this, she will purchase more stitching raw material out of the loan amount. Her husband is a labor and earns Rs. 3,000 monthly. The couple has two school going children.

Written By :  Srijita Sarkar
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