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Kanchan

Devi

Retailpreneur

KishanGanj, Bihar

20,000 has been disbursed

273 livelihood days

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

Kanchan

Devi

#breadwinner#hardworking
Support Kanchan to stock up her store and purchase billing items.

Retailpreneur

Bihar

20,000 has been disbursed

273 potential days of livelihood

1,500.52 is
the current outstanding balance

92.5 0 0 7.5 18499 0 0 1501

92%

0%

0%

8%


About Kanchan

Kanchan Devi is a hard-working woman who has to look after her family of five. Kanchan runs a retail store in Kishan Ganj and wants to sell more of her merchandise so that she can have a higher income to support her family. This loan will help her to stock up her store and purchase necessary billing items. This loan will also support Kanchan in her endeavor towards feeling free and empowered, knowing that she has a solid economic foundation on which to build her future. Be a part of this initiative to help Kanchan make a significant contribution to her family's future.

About Kanchan Devi's livelihood

Kanchan is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Kanchan will potentially obtain employment for 273 days.

Interest Rate

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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
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