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Hemant

Service Entrepreneur

Jhansi, Uttar Pradesh

312 livelihood days

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Hemant

#ambitious#positive
Hemant needs credit to restock goods for his retail store.

Service Entrepreneur

Uttar Pradesh

312 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Hemant

Hemant is a dedicated entrepreneur who has been serving his community for many years. He loves serving people and offering them with quality goods at discounted prices. As a result, his retail store is growing in popularity day by day. Hemant is a man who dreams big, and his dreams only keep on getting bigger. This loan will make it possible for him to restock his retail store with great deal of goods for customers to choose from. He will be able to better his customer service, but also make financial gains. Support Hemant today.

About Hemant 's livelihood

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

Interest Rate

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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