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Dinesh

Rai

Retailpreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Dinesh

Rai

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Dinesh to stock up his retail store.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Dinesh

Dinesh Rai belongs to a family of three in the state of Madhya Pradesh and has been running his business as a retailer for the last five years. Dinesh stocks biscuits and snacks in his small shop and sells these in the neighbourhood and to travellers. He is looking to expand his business over the next few months and seeks a loan in order to buy more snacks and biscuits and restock his store. He will also use some of the credit to decorate his store. Invest in Dinesh as he continues to run his business successfully.

About Dinesh Rai's livelihood

Dinesh is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Dinesh 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. Dinesh Rai 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.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS