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Hemlata

Namdev

Retailpreneur

Niwari, Madhya Pradesh

Loan Written Off

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Hemlata

Namdev

#breadwinner#hardworking
Invest in Hemlata to purchase new cloth materials.

Retailpreneur

Madhya Pradesh

Loan Written Off

364 potential days of livelihood


About Hemlata

Hemlata Namdev is a hard-working woman who sells cloth materials for a living. She lives with her family of 5 members in the district of Niwari, Madhya Pradesh. She has been running a retail store for the past 2 years. Despite the income that Hemlata makes from her business, she struggles to meet all her family's needs on time. With a dream of providing for a better and secure future for her family, she is looking to expand her business further. She's looking to raise a loan to purchase more cloth materials, with plans to sell them in her store. Invest in Hemlata as she purchases more cloth material, and expands her retail store to sell more of them.

About Hemlata Namdev's livelihood

Hemlata is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Hemlata 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. Hemlata Namdev has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% APR

Loan Details

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

Loan
amount

20,000

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