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Manoj

Kumar

Retailpreneur

Mirzapur, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Manoj

Kumar

#courageous#achiever
Manoj needs a loan to buy raw material for his store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Manoj

Manoj is a resident of Mirzapur, Uttar Pradesh. He along with his family and runs a retail store. He, with the support of his family is able to bear the rent and other expenses essential to live a decent life. Manoj has been in this field for 5 years now, with this experience he is able to manage the day to day affairs of his business. To make his business flourish, he needs to buy raw material from bulk dealers and these raw material are costly. This loan will help him buy raw material to sell in his shop and earn a small profit for his family.

About Manoj Kumar's livelihood

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