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Majid

Khan

Retailpreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Majid

Khan

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Majid to expand his retail store by purchasing grocery items.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Majid

Majid Khan is a resident of Niwari city in Madhya Pradesh. Majid owns a retail store that specializes in selling small household items. With eight years of experience working as a retailer, Majid has been able to earn enough to support his family and educate his children. By using this loan, Majid will be able to purchase new inventory including groceries through which he can expand his business. Having a strong inventory will help Majid attract more customers and enhance his income. Majid hopes to grow his business and provide more employment opportunities in the future. Invest in Majid and let's help him continue to succeed.

About Majid Khan's livelihood

Majid is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Majid 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. Majid Khan 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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

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