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Aman

Upadhyay

Retailpreneur

Basti , Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Aman

Upadhyay

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

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Aman

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.

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.

Interest Rate

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