false
false 0 0 fYrt4RUYGY

Ajay

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Ajay

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

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,333.32 is
the current outstanding balance

57.14 0 42.86 16667 12500 0

57%

43%

0%


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!

I wish to open a big retail store in the city.

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.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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 Equated Monthly Instalment

Investee
occupation

Retail store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0