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Arun

Prajapati

Retailpreneur

Jhansi, Uttar Pradesh

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Arun

Prajapati

#positive#passionate
Support Arun to purchase new products and decorate his retail store.

Retailpreneur

Uttar Pradesh

312 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Arun

Arun Prajapati is a store owner and has a retail shop in Jhansi. He purchases different items from wholesale dealers and sells them in his shop. He needs support to buy new products and decorations for his retail store. In the last few years, his business is not doing well due to the pandemic. He has a plan to increase his income by stocking up his store with new and variety of products. By decorating his store, he will be able to attract more customers and increase his business. This loan will help him to fulfill his dreams. Support Arun now!

About Arun Prajapati's livelihood

Arun is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Arun will potentially obtain employment for 312 days.

Interest Rate

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

30,000

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