false
false 0 0 MFzmAfiwQc

Biraju Lal

Bind

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 80,000 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

Biraju Lal

Bind

#Hard Worker
Biraju Lal needs credit to purchase stock.

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 80,000 has been disbursed

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

71,086.12 is
the current outstanding balance

66.85 0 33.15 8914 4419 0

67%

33%

0%


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!

My dream is to enjoy a secure future with my family

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.

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

4.80%

8.64% 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

0.00%

-0.00% APR

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 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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0