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Chotoo

Retailpreneur

Jhansi, Uttar Pradesh

30,000 has been disbursed

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Chotoo

#breadwinner#hardworking
Chotoo needs a loan to restock supplies in his general store.

Retailpreneur

Uttar Pradesh

30,000 has been disbursed

364 potential days of livelihood

12,022.24 is
the current outstanding balance

59.93 0 0 40.07 17978 0 0 12022

60%

0%

0%

40%


About Chotoo

Chotoo is an extremely hard-working man who has been running his retail store in Jhansi for two years. He has turned the shop into a popular place where one can buy anything they need at an affordable price. With this loan, Chotoo wants to purchase new grocery stock and packing materials in order to fulfil the demands of his customers. With the loan, Chotoo hopes to expand his business and establish himself as a big retail store in order to sustain his business and provide a better future for his children. Join and support Chotoo's mission by investing in his venture.

About Chotoo 's livelihood

Chotoo is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Chotoo will potentially obtain employment for 364 days.

Interest Rate

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

30,000

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