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Heeralal

Kushwaha

logoFood Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Heeralal

Kushwaha

#passionate#achiever
Invest in Heeralal to purchase a hand cart to run his food stall.

logoFood Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

12,499.67 is
the current outstanding balance

100 0 0 17500 0 0

100%

0%

0%


Heeralal Kushwaha is a passionate, young man from Tikamgarh, Madhya Pradesh, and runs a small food stall on rent. This is the main source of income for his family of four. Independent working is not an easy endeavor for Heeralal and requires a lot of initiative. With the help of this loan, he intends to purchase a hand cart that will enable him to travel and sell his delicious foods. This will generate a steady income for him and his family. Invest in Heeralal to run his business successfully!

I wish to open a restaurant.

About Heeralal Kushwaha's livelihood

Heeralal is a food entrepreneur who works 8 hours a day for 6 days a week. With this loan Heeralal will potentially obtain employment for 312 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

3.20%

5.76% 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

1.60%

2.88% APR

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

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0