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Hiralal

Navadaya

Creative Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Hiralal

Navadaya

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Hiralal's hand loom business to purchase additional cloth materials.

Creative Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Hiralal

Working from early mornings to late evenings is a part of Hiralal's life. He has been running a handloom unit at his home for eighteen years. He is from Tikamgarh, a small city in Madhya Pradesh. With his experience and his business acumen, he caters to many customers and keeps them returning for more quality hand-it-ons. This loan will go towards purchasing more cloth materials for Hiralal's handloom enterprise. This will enable him to produce more products and increase his customer base. Invest in Hiralal now!

About Hiralal Navadaya's livelihood

Hiralal is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Hiralal 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. Hiralal Navadaya 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Embroidery

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