false
false 0 0 HgsTS5JiNT

Chandresh

Kumar

Retailpreneur

Sant Ravidas Nagar, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Chandresh

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Chandresh is keen to add more cosmetic items to his shop.

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Chandresh

Chandresh Kumar hails from the state of Uttar Pradesh, and currently runs a retail shop, where he sells cosmetic items. Chandresh has been involved in the retail business for the last two years and has been making decent earnings. Despite being a hard-working individual, Chandresh finds it difficult at times to make ends meet, this is often because there are no additional funds in his shop. With a loan from Rang De, he can stock up on additional cosmetic items to sell based on his customers' demands. If he was to expand his store by adding additional products, he could increase his customer base and increase his profits. Support his dreams!

About Chandresh Kumar's livelihood

Chandresh is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Chandresh 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. Chandresh Kumar 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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS