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Devansh

Soni

Retailpreneur

Khandwa, Madhya Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Devansh

Soni

#gogetter#hustler
Devansh needs a loan to buy grocery stock for his retail store.

Retailpreneur

Madhya Pradesh

234 potential days of livelihood

15,000 loan is fully repaid

15,000 loan is fully repaid


About Devansh

Devansh is a resident of the city of Khandwa and a retail store manager. He understands that his business is the foundation of his family's well-being. With the help of a loan, Devansh wants to purchase grocery stock from the wholesale market, his primary source of supply. He will buy the highest quality products with the help of his loan, and offer them to his customers at a competitive price. His customers will be returning for more, which will ensure his business continuity, and his success in business.

About Devansh Soni's livelihood

Devansh is a retailpreneur who works 6 hours a day for 6 days a week. With this loan Devansh will potentially obtain employment for 234 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Devansh Soni has consented to pay the interest as below:

Investee
pays

7.00% flat p.a.

12.60% APR

Social
Investor

3.00%

5.40% APR

Platform
charges

4.00%

7.20% APR

Loan Details

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

Loan
amount

15,000

Loan
tenure

15 months

Moratorium

1 month

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Excellent

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

Spandan Samaj Sewa Samiti
   
Partner logo

Established in

2002

With Rang De from

2022

Founded by

Seema - Prakash

Spandan Samaj Sewa Samiti is a grassroots NGO working among the lesser known and nutritionally vulnerable Korku tribe in Khandwa district of MP. The key focus area is Food Security and Nutrition. With that regard we are currently trying to enhance the livelihood of marginalized families. The major areas considered are goatery and nano enterprises and women empowerment.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS