false
false 0 0 bVjxsYCEpS

Akash

Prajapti

Retailpreneur

Niwari, Madhya Pradesh

50,000 has been disbursed

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Akash

Prajapti

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Akash needs a loan for buying raw materials for his grocery shop.

Retailpreneur

Madhya Pradesh

50,000 has been disbursed

455 potential days of livelihood

22,017.8 is
the current outstanding balance

55.96 0 0 44.04 27982 0 0 22018

56%

0%

0%

44%


About Akash

Akash Prajapti has been running his grocery shop in Niwari for the last 3 years. Having catered to a large group of customers, Akash is now looking to expand his business further. With the help of the credit, Akash will be able to restock his store with more grocery items such as confectioners, dry fruits, garam masala, soap, detergent, etc. He will also use the amount for for buying shelves, containers etc for storing the groceries.Invest in Akash as he expands his shop and meets all his customer's demands.

About Akash Prajapti 's livelihood

Akash is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Akash will potentially obtain employment for 455 days.

Interest Rate

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

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS