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Laxmi Narayan

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

Creative Entrepreneur

Jhansi, Uttar Pradesh

50,000 has been disbursed

364 potential days of livelihood i

50,000 is the current outstanding balance


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.

I wish to become a successful entrepreneur and provide my family with a good future.

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.

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

Investee
pays i

8.00% flat p.a.

14.40% APR

Social
Investor i

3.20%

5.76% APR

Impact
Partner i

up to 3.20%

5.76% APR

Platform
charges i

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 i

Investee
occupation

Handicrafts

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

B

Indian Micro Enterprises Development Foundation

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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