false
false 0 0 YgkhfftBwi

Annu

Lal

Food Entrepreneur

Lakhimpur Kheri, Uttar Pradesh

591 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Annu

Lal

#breadwinner#hardworking
Annu Lal needs credit to arrange infrastructure for his food stall.

Food Entrepreneur

Uttar Pradesh

591 potential days of livelihood

45,000 loan is fully repaid

45,000 loan is fully repaid


About Annu

Annu Lal is a hard-working man who knows perseverance, and this is what sets him apart from many others. He lives with his family of 5 in the district of Lakhimpur Kheri. He has been working for the past 7 years as a food store owner. This occupation gives him the flexibility to manage his family's cost of living and help his family out. Although he has a small income from this business, his family struggles to meet all their basic needs on time. Annu Lal is looking for a loan to improve his business and expand his food stall store. He feels that this is the right time to get the food stall renovated, and wants to raise some additional funds to purchase some furniture, which can be arranged as a seating module in this food stall. Invest in Annu Lal as he improves his food stall and expands his business, purchase additional furniture, and provide his his customers a safe and clean environment to have a meal.

About Annu Lal's livelihood

Annu is a food entrepreneur who works 13 hours a day for 7 days a week. With this loan Annu will potentially obtain employment for 591 days.

Interest Rate

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

45,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food 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