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Mangal

Singh

Retailpreneur

Jhansi, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mangal

Singh

#hustler#dedicated
Support Mangal to restock his mobile gadgets shop and expand his business.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Mangal

Mangal Singh is the owner of a small electronics mobile store in Jhansi. He has been in this business for the past six years and is well trusted by his customers for offering them quality services. This neighbourhood shop has a very broad range of products, among them are cell phones, chargers, batteries, earphones and other accessories. The increasing demand of these mobile gadgets has opened up an opportunity for Mangal to expand his business. With the help of this loan he plans to buy more electronic products to offer to his customers. The additional revenue generated will help him to make his business grow. His dream is to expand his mobile store and provide a better future for his family. Invest in him!

About Mangal Singh's livelihood

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

30,000

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