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Manika

Murmu

Retailpreneur

Mayurbhanj, Odisha

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Manika

Murmu

#breadwinner#hardworking
Manika Murmu needs credit to expand and restock her provisional store.

Retailpreneur

Odisha

273 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Manika

Manika Murmu is a resident of Mayurbhanj, Odisha . She has been running a provisional store for the last four years. The products she plans on selling are always limited, because of the high demand. Manika first sells these products in the market, and then through a neighbouring store. This helps her gain a good source of income and learn new tricks of business. She is requesting loans to purchase more stock at this time so she can supply her products and meet the growing demands. Her strong work ethic along with a little support can provide a huge boost to her overall business. Invest in Manika today.

About Manika Murmu's livelihood

Manika is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Manika will potentially obtain employment for 273 days.

Interest Rate

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