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Kanchan Devi

Lakshkar

Beautypreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

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Kanchan Devi

Lakshkar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Kanchan as she purchases necessary equipment and materials for her beauty parlor.

Beautypreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Kanchan Devi

Kanchan Devi Lakshkar is the owner of the local beauty parlour in Tikamgarh. Her beauty parlour is very affordable to the locals and provides a wide range of beauty and grooming services such as manicures, pedicures, facials, and other services. Kanchan has been in this industry for over five years and although she is quite successful, she is limited in her services due to not having the proper equipment. She's looking to avail a loan to purchase the necessary equipment to grow her business. With your support, she'll be able to provide a service that is much needed by the people of Tikamgarh. Invest in Kanchan as she upgrades her beauty parlour and provides a service long awaited by her customers.

About Kanchan Devi Lakshkar's livelihood

Kanchan Devi is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Kanchan Devi 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. Kanchan Devi Lakshkar 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

Beauty parlour

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