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Kanta

Retailpreneur

Jhajjar, Haryana

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Kanta

#breadwinner# hardworking
Kanta needs credit to restock her shop.

Retailpreneur

Haryana

409 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Kanta

Kanta has been running a retail store in the district of Jhajjar for the past year and a half. She lives with her family of 3 members in Jhajjar. Despite the income that Kanta 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 of running a retail store. She's looking to raise a loan to restock her store and also purchase few additional package item to sell. Invest in Kanta as she expands her retail business and gets a new stock of products for her retail shop.

About Kanta 's livelihood

Kanta is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Kanta will potentially obtain employment for 409 days.

Interest Rate

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

50,000

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