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Kundan

Prasad

Retailpreneur

Bageshwar, Uttarakhand

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Kundan

Prasad

#experienced#ambitious
Kundan needs credit to expand his retail business.

Retailpreneur

Uttarakhand

455 potential days of livelihood

75,000 loan is fully repaid

75,000 loan is fully repaid


About Kundan

Kundan lives in Bageshwar, Uttarakhand where he is an entrepreneur. He receives income from running a small retail store. He is looking to expand this business so that he can enhance his livelihood. He wishes to scale us his business and to do so he will use this loan to invest in restocking of products for his store. Invest in Kundan so that he can expand his business.

About Kundan Prasad's livelihood

Kundan is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Kundan will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kundan Prasad has consented to pay the interest as below:

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

75,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Adequate

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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS