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Golu

.

Creative Entrepreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Golu

.

#Hardworking
Support Golu as he needs raw materials for making decorative items.

Creative Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Golu

Golu is a craftsman who lives in the region of Jhansi. He has been involved in the craft for the past 10 years, and has been quite successful in his work with orders coming in from a couple of vendors. Golu wishes to expand his business further; however, he finds that raw materials are expensive and finances are often insufficient. A business loan will provide the financial support he needs to purchase the raw materials. Golu is looking to raise a loan to purchase raw material so that he can begin to build up his own shop. The loan will enable him to purchase raw material including paper, glue and paint so that he can continue with his craft. Invest in Golu's business!

About Golu . 's livelihood

Golu is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Golu 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.

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Impact
Partner

up to 3.20%

5.76% APR

Platform
charges

1.60%

2.88% 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

Handicrafts

Investee Credit Rating:
Very Good

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.

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