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Jairam

Kushwaha

Retailpreneur

Tikamgarh, Madhya Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Jairam

Kushwaha

#ambitious#positive
Support Jairam to purchase new stocks to his retail store.

Retailpreneur

Madhya Pradesh

234 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Jairam

Jairam is an exemplary small business owner who has endured considerable hardship in order to succeed. The only son in his family and the sole provider for his wife and children, he had to support many people in his family. Jairam began working with a grocery store owner and within a few years transformed the business. He began by packing orders for customers, soon graduating to more important tasks such as inventory management. Eventually, Jairam opened up his own store in a small room rented from a local store owner. Although the store is successful, it is still small and Jairam would like to purchase larger quantities of inventory and expand his business. He has plans to build a small structure that will enable him to provide a variety of grocery items. With your help, he will be able to purchase many new products to stock his store and keep it running smoothly.

About Jairam Kushwaha's livelihood

Jairam is a retailpreneur who works 6 hours a day for 6 days a week. With this loan Jairam will potentially obtain employment for 234 days.

Interest Rate

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

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