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Akash

Retailpreneur

Jhansi, Uttar Pradesh

455 livelihood days

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Akash

#dedicated#believer
Invest in Akash's retail store as he expands it.

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Akash

Akash is a resident of Jhansi, a city in Uttar Pradesh. He is a retailer and has been in this business for the past four years, and this is the only income source for his family. Now, he wishes to expand his business, and so he needs some credit to purchase materials for his shop. He will be using the loan to purchase raw materials and stocks for the shop and make it a better place to purchase goods. Invest in Akash in his retail store as he grows his business further and leads a better life!

About Akash '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 has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% APR

Loan Details

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

Loan
amount

40,000

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