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Aman

Upadhyay

logoRetailpreneur

logo Basti , 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

Aman

Upadhyay

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Aman needs credit to invest in his mobile shop.

logoRetailpreneur

logo Basti , 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

29,150.35 is
the current outstanding balance

100 0 0 20850 0 0

100%

0%

0%


Aman Upadhyay is a young man who lives in Basti with his family of three. He is a successful retailer, who believes in working hard to succeed. For the past five years, he has been doing just that and running his own mobile shop. This is his only income to support his family. He decided to get involved with retail because he enjoys his work and what he does. He wishes to expand his business and grow it further. For that, he wants a loan to purchase mobile handsets and accessories and continue to do well in his mobile shop. Support Aman as he takes his business to new heights.

I wish to expand my business.

About Aman Upadhyay's livelihood

Aman is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Aman 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