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Kavita

Devender

logoService Entrepreneur

logo Jhajjar, Haryana

logo 50,000 has been disbursed

logo 409 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Kavita

Devender

#achiever#believer
Support Kavita's apparel store as she expands it.

logoService Entrepreneur

logo Jhajjar, Haryana

logo 50,000 has been disbursed

logo 409 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

37,456.43 is
the current outstanding balance

100 0 0 12544 0 0

100%

0%

0%


Kavita lives in the district of Jhajjar in Haryana, with her family. She runs an apparel store and has been doing so for the past four years. She knows the value of time, and with every passing minute, she's cognizant that time is valuable. She's invested her four years of work into her store and is looking to expand it further by purchasing more ladies' suit materials. With more female customers for her shop, she hopes that the new investment will satisfy their needs. Invest in Kavita as she runs her business successfully!

I wish to add more products to my existing business and open a big apparel store in the city.

About Kavita Devender's livelihood

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

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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 Equated Monthly Instalment

Investee
occupation

Others

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0