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Manoj

Kumar

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 30,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Manoj

Kumar

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

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 30,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

12,477.84 is
the current outstanding balance

100 0 0 17522 0 0

100%

0%

0%


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.

I dream to own a big retail store.

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.

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

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

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

1.60%

2.88% APR

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 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.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0