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Manoj

Kumar

logoRetailpreneur

logo Nainital, Uttarakhand

logo 75,000 has been disbursed

logo 546 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Manoj

Kumar

#resilient#dedicated
Manoj needs credit to expand his retail business.

logoRetailpreneur

logo Nainital, Uttarakhand

logo 75,000 has been disbursed

logo 546 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

15,625 is
the current outstanding balance

82.61 4.35 13.04 59375 9375 3125

83%

13%

4%


Manoj lives with a family of four. He owns a business in Nanital, Uttarakhand. He is looking to expanding the business. Expanding the business would mean a higher income for the family. He wishes to use this credit to invest in several raw materials, accessories, and cloth material for his shop. He wishes to provide his toddlers with a good future by making his business accessible to all the people in his city. This credit would help in making his dreams come true.

I wish to make my business the most accessible wholesale centre in the city.

About Manoj Kumar's livelihood

Manoj is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Manoj will potentially obtain employment for 546 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

10.00% flat p.a.

18.00% APR

Social
Investor The rate of return an investor makes

4.00%

7.20% APR

Impact
Partner The rate of return an impact partner makes

up to 5.00%

9.00% APR

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

1.00%

1.80% APR

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

Loan
amount

75,000

Loan
tenure

24 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.

Udhyam Housed Under Agrani India Foundation
   view website

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0