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Basanti

Devi

logoRetailpreneur

logo Kishan Ganj, Bihar

logo 50,000 has been disbursed

logo 227 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Basanti

Devi

#microenterprises#inclusiveentrepreneurship
Basanti needs a loan to restock her grocery store.

logoRetailpreneur

logo Kishan Ganj, Bihar

logo 50,000 has been disbursed

logo 227 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

25,094.6 is
the current outstanding balance

99.62 0 0.38 24905 95 0

100%

0%

0%


Basanti is a hard-working woman who lives in Kishan Ganj, a small village in Uttar Pradesh. She sells grocery items and earns a decent profit from it. With the additional profit, she supports her family. Basanti wants to expand her business by purchasing more grocery items. She has a good number of regular customers from the locality and needs to keep the stock ready. This loan will help her do just that. With your help, she can support her family and improve her standard of living.

I want to run a big shop.

About Basanti Devi's livelihood

Basanti is a retailpreneur who works 5 hours a day for 7 days a week. With this loan Basanti will potentially obtain employment for 227 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

Retail 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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0