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Laxmikant Kori

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

Agripreneur

Niwari, Madhya Pradesh

40,000 has been disbursed

364 potential days of livelihood i

40,000 is the current outstanding balance


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!

I wish to give a good future for my children.

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.

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Agro products

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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