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Hemant

Verma

Retailpreneur

Jhansi, Uttar Pradesh

364 livelihood days

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

Hemant

Verma

#active#determined
Support Hemant to purchase new stocks for his retail store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Hemant

Hemant Verma is a resident of Jhansi, a hard-working man, and a family man. Hemant is working hard to expand his shop and increase his income. With the support of this loan, Hemant will purchase new stocks for his retail shop as per his customers' demands. The profits produced by these items will contribute to Hemant's income and his dream of providing a good education for his children. Ensure the future of the children by investing in Hemant Verma now.

About Hemant Verma's livelihood

Hemant is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Hemant will potentially obtain employment for 364 days.

Interest Rate

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

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