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false 0 0 ebmZ8by5xs

Geeta

Devi

logoService Entrepreneur

logo Lakhimpur, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Geeta

Devi

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

logoService Entrepreneur

logo Lakhimpur, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

37,499.48 is
the current outstanding balance

100 0 0 12501 0 0

100%

0%

0%


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.

My dream is to enjoy a secure future with my family

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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

4.80%

8.64% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

-0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Repair works

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0