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Vipin

Kumar

logoRetailpreneur

logo Lakhimpur Kheri, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Vipin

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Vipin needs credit to expand his apparel store.

logoRetailpreneur

logo Lakhimpur Kheri, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,331.44 is
the current outstanding balance

100 0 0 16669 0 0

100%

0%

0%


Vipin Kumar is a determined man who has been running his apparel business for the last eleven years. He lives with his family in Uttar Pradesh and dreams of opening a big apparel store in the city in the near future. Now, he is in need of some credits to invest in his business. He will use the money to purchase more goods and with his working capital to expand his business. He will be able to run his business successfully with assistance from Rang De and make a better profit. Support Vipin's business!

I wish to open a big apparel store in the city.

About Vipin Kumar's livelihood

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

Apparel 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