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Laxmi

Narayan

Creative Entrepreneur

Jhansi, Uttar Pradesh

50,000 has been disbursed

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Laxmi

Narayan

#Hardworking
Laxmi Narayan, a passionate carpenter is looking to grow his business.

Creative Entrepreneur

Uttar Pradesh

50,000 has been disbursed

364 potential days of livelihood

5,402.6 is
the current outstanding balance

89.19 0 0 10.81 44597 0 0 5403

89%

0%

0%

11%


About Laxmi

Laxmi Narayan is an ambitious carpenter working everyday for more than ten years. He is from Jhansi, Uttar Pradesh and his business helps him provide for his family of five. With the help of a loan of Rs 50000, he wishes to purchase furniture and a metal sheet to help him scale up his business. Laxmi believes that the additional income from his business will help him provide his young children with quality education and a good future. Support Laxmi as he takes strides to become a successful entrepreneur.

About Laxmi Narayan's livelihood

Laxmi is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Laxmi 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. Laxmi Narayan 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

Handicrafts

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