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Laxmikant

Kori

Agripreneur

Niwari, Madhya Pradesh

364 livelihood days

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Laxmikant

Kori

#breadwinner#hardworking
Laxmikant needs a loan to renovate his store and purchase new stocks.

Agripreneur

Madhya Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Laxmikant

Laxmikant Kori was born in a farmer family in Niwari, Madhya Pradesh. He runs an agro-products store and he mainly relies on the sale of his produce and agricultural inputs to run his household. Laxmikant's goal is to expand his business and therefore he needs a loan to renovate his shop and buy new stocks. They currently have a small, rickety, and decrepit shop. They stock their products on their shop floor and sell them to their customers. The loan will improve the standards of their store, making it more spacious and safe. This will also help them to provide clean, hygienic, and fresh products to their customers. Additionally, the loan will also help them to market and sell their products and expand their business. They want to purchase more land in the future, extend their business operations and further improve their standard of living. Invest in him now!

About Laxmikant Kori's livelihood

Laxmikant is an agripreneur who works 8 hours a day for 7 days a week. With this loan Laxmikant 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. Laxmikant Kori 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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Agro products

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