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Kumkum

Devi

Retailpreneur

Basti, Uttar Pradesh

364 livelihood days

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Kumkum

Devi

#strong# resilient
Kumkum Devi needs a loan for expanding her grocery store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Kumkum

Kumkum Devi is a hard-working woman who understands determination and has a dream to provide for her family of 6. She lives in the district of Basti in Uttar Pradesh. Kumkum is a shop owner and is involved in retail sales for the past 10 years. Her business is going well, and she uses her profits to meet the family's financial needs. Despite the income that Kumkum Devi makes from her business, she struggles to meet all her family's needs on time. With a dream of providing her family with a better and secure future, she is looking to expand her business further. She is looking to raise a loan to buy more grocery items, build a new shed for these items, and overall expand her business. Invest in Kumkum Devi today!

About Kumkum Devi's livelihood

Kumkum is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Kumkum 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. Kumkum 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:
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