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Amit

Kumar

logoRetailpreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 546 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Amit

Kumar

#Passionate#Positive
Invest in Amit's apparel store.

logoRetailpreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 546 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,331.44 is
the current outstanding balance

100 0 0 16669 0 0

100%

0%

0%


Amit Kumar is the sole breadwinner of his family of four. He is a skilled master tailor who runs an apparel store in the district of Bahraich. He is well known in his community for understanding his customers' needs. Now he wishes to expand his collection of clothing materials, gowns for children, and suits for both men and women. Support his ambitious venture.

I wish to build a big house for my family.

About Amit Kumar's livelihood

Amit is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Amit will potentially obtain employment for 546 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

Apparel 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