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Ajay

Retailpreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Ajay

#provider#resilient
Invest in Ajay to purchase goods and materials for his retail store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ajay

Ajay is a local retailer from Jhansi. He has been running his store for over eight years. He purchases things from wholesalers at his wholesale store, then sells them in his retail shop. The store also sells stationery items and other daily-used products. He is constantly on the look for new products to add to his store and above all, he is very customer friendly. Ajay requires a loan from Rang De for purchasing goods and materials for his retail store. A small loan will help Ajay grow his business and provide a better quality of life for his family. Invest in him now!

About Ajay 's livelihood

Ajay is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Ajay will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Ajay has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Very Good

Investee credit rating has been arrived at by our proprietary algorithm which factors in the following parameters: 1. Investee credit bureau scores 2. debt servicing ability

Co-curated and referred by our Impact Partner

Indian Micro Enterprises Development Foundation
   view website
Partner logo

Established in

1995

With Rang De from

2021

Founded by

Dr.Ashok Khosla

Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS