false
false 0 0 4xcpsTjRon

Balchandra

Retailpreneur

Jhansi, Uttar Pradesh

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Balchandra

#positive#courageous
Balchandra needs a loan to expand his retail store and live a quality life.

Retailpreneur

Uttar Pradesh

318 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Balchandra

Balchandra is a very sincere and hardworking man. He resides in Jhansi, with his wife and two children. He was an agriculture laborer before venturing into retail shop business. Balchandra wants to expand his retail store and live a quality life; he is seeking a loan from Rang De to achieve this. With the assistance of this loan, he will purchase new products for his store to deliver to his customers. When several challenges came his way, he never wanted to quit, and chose to stand up against them with sheer perseverance, fueling his determination to achieve his goals. Have your own share in helping Balchandra attain a bright future for his family by contributing towards the growth of his retail store, and towards the overall development of his family.

About Balchandra 's livelihood

Balchandra is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Balchandra will potentially obtain employment for 318 days.

Interest Rate

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

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS