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Geeta

Devi

Service Entrepreneur

Lakhimpur, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Geeta

Devi

#Hard worker
Geeta needs credit to open a mobile repair shop

Service Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Geeta

Geeta Devi belongs to the district of Lakhimpur in Uttar Pradesh. She has a family of 5 members and she is the main head of her family. She makes her living from a kirana store. Geeta's family earns relatively well for this region; however, even their income is not enough to cover their monthly expenses. This is why Geeta has decided to take a loan, in order to open her own mobile repair shop. She will purchase few electronic equipment and tools for repairing, as well as guarantees for them, in order to get her shop running. The income that she makes in the future will enable her and her family to have a more secure future and increase their income. Lend to Geeta Devi and help her in fulfilling her dream.

About Geeta Devi's livelihood

Geeta is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Geeta 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. Geeta Devi has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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

Repair works

Investee Credit Rating:
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