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Aruna

Devi

Retailpreneur

Kishan Ganj, Bihar

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Aruna

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Aruna Devi is keen to add more clothing items to her apparel store.

Retailpreneur

Bihar

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Aruna

Aruna Devi is a hardworking woman who is one of the few woman entrepreneurs in her locality. She owns an apparel store in Kishan Ganj and sells a wide range of clothing items. She wants to move ahead with her business, increase her client base, and make her business stronger. She is looking for a loan to purchase more clothing items, but she doesn't have enough funds to purchase her stocks. A loan will enable her to purchase the clothes as per her customers' demands. This assistance will increase the profits she makes. Invest in her as she continues to sell clothing items.

About Aruna Devi's livelihood

Aruna is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Aruna will potentially obtain employment for 455 days.

Interest Rate

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

Apparel 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