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Biraju Lal

Bind

Retailpreneur

Mirzapur, Uttar Pradesh

80,000 has been disbursed

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Biraju Lal

Bind

#Hard Worker
Biraju Lal needs credit to purchase stock.

Retailpreneur

Uttar Pradesh

80,000 has been disbursed

455 potential days of livelihood

17,777.7 is
the current outstanding balance

77.78 0 11.11 11.11 62222 0 8889 8889

78%

0%

11%

11%


About Biraju Lal

Biraju Lal Bind is a hard-working and innovative man. He has been running a retail store for the past 3 years, in which he sells rice, lentils, and other grocery material. Biraju Lal is popular among his customers because he's known for providing high-quality material. However, Biraju Lal struggles to meet their demands on time, as he's often unable to raise the capital to invest in more stock, and is therefore unable to meet the growing customer demand, despite the financial strain, Biraju Lal doesn't want to let the challenge deter him from providing for the needs of his customers. He's looking to raise a credit line to purchase grocery material such as rice and lentils to stock his store. Support Biraju Lal in fulfilling his dream today!

About Biraju Lal Bind's livelihood

Biraju Lal is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Biraju Lal 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. Biraju Lal Bind has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

80,000

Loan
tenure

18 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