In March this year we had to completely halt sales of our Secret Products as the effects of Covid-19 took hold and countries around the world went into lockdown, something we were so sad about, but our main concern was for the safety our Makers and Team, so it was absolutely the right course of action.
As lockdown begins to tentatively ease, we are now in the process of throwing ourselves into planning for our autumn/winter sales and, of course, as an international retailer for Christmas, Diwali and Thanksgiving. It's exciting to be making these plans - our creative juices are flowing and we can't wait to begin selling our wonderful products, made so lovingly by our Makers and telling the story of Secret Projects once again. We became aware that we needed to find a solution to help us bridge the gap that has happened as a result of not being able to sell our merchandise for the last few months and, we have decided to open up our Social Investor Core Loan.
Secret Projects Social Investor Core is a group of passionate and committed social investors that Secret Projects has borrowed funds from, offering a competitive interest rate on these loans in return. Over the last four years, we have been able to borrow £37,000 from this core group and have repaid £21,000 of the money borrowed at maturity date with interest. We would now like to open this up to other social investors who share our vision of a world where all women have the confidence and resources to make choices, thrive and contribute to the strengthening of their communities.
The loan terms are:
- Loan Period - 3 years
- Interest rate - 3% interest per annum.
- Minimum loan - £500
Interest will be paid yearly, but an investor can choose to have their interest rolled over to the following year.
These loans have made a huge difference to the impact we have been able to make in India. Using the precious money wisely we have been able to create more Maker Groups to give women an opportunity to not only earn a good and fair income, but to also have an opportunity to develop their leadership and entrepreneurial skills through our 4 stage Training for Empowerment Programme.
If you would like to help bridge the gap and loan us money, or want to discuss our Social Investor Core Loan in more detail please email email@example.com