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Basanti

Devi

Retailpreneur

Kishan Ganj, Bihar

227 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Basanti

Devi

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

Retailpreneur

Bihar

227 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Basanti

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.

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.

Interest Rate

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

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