InVest in this micro-entrepreneur! Sign In of Join
Lakshmi Hariraja
Mrs. Lakshmi runs a local ice cream shop selling Amul Ice Cream. Amul branded products have a respected reputation among consumers and demand is strong among the Kancheepuram area as ice cream is a very popular item.
Help Lakshmi grow her ice cream shop to meet increasing local demand.
- Local currency:
- Rs50,000.00
- InVestment Size:
- $1,173.79 $1.00 = Rs42.60 as of 06/02/2011
- 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: | Amul Ice Cream Agency |
| Years of Experience: | 3 |
| Number of Employees: | 5 |
| Previous Micro-Loan History: | 3 previous Rs. 27,800 loans from self-help groups and MFIs, all repaid according to her principal and interest schedules. |
Terms: Flexible, revenue-sharing contract. Mrs. Lakshmi commits 1% 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. Lakshmi 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. Lakshmi will be reinvesting a percentage of her monthly gross profit in a community development project through the Association of Sustainable Community Development (ASSCOD). Mrs. Lakshmi's reinvestment will directly support ASSCOD's education and health initiatives.
Learn more about community re-investment
Featured Update
Last Activity:
Progress Payment $83.61 made on 12/15/2011
December repayment
Recent Activities:
Progress Payment $88.54 made on 11/15/2011
November repayment
Progress Payment $63.97 made on 10/16/2011
October repayment
Progress Payment $62.20 made on 09/15/2011
September repayment
Progress Payment $71.68 made on 08/15/2011
August repayment
Progress Payment $56.17 made on 07/15/2011
July repayment