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Mahendra

Kushwaha

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Mahendra

Kushwaha

#smart#ambitious
Invest in Mahendra to by a camera and printer for his electronics shop.

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

12,487.01 is
the current outstanding balance

87.56 0 12.44 17513 2487 0

88%

12%

0%


Mahendra is a hard-working man. He has a private retail store of electronics items, particularly phones, audio devices, storage devices, etc. He has the desire and wishes to update his stock at his shop frequently. But he cannot buy new products due to the unavailability of enough funds. With the help of this loan from Rang De, Mahendra can update his stock with new products such as a camera and a printer. With this, he can expand his business and attract more customers to his shop. Invest in Mahendra to run his business successfully!

I wish to start a big electronics store.

About Mahendra Kushwaha's livelihood

Mahendra is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Mahendra will potentially obtain employment for 312 days.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Retail store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0