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Meera

Devi

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

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

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Meera

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Meera needs a loan to expand her brick kiln.

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

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

24,999.86 is
the current outstanding balance

100 0 0 25000 0 0

100%

0%

0%


A young, dynamic and energetic woman, Meera has always been passionate about forming a business of her own. With prior experience in the brick kiln line of business, she has been able to build her business to what it is today. This year, she has been diligently working towards maximizing her profits by investing in equipment that will increase the capacity of her business. With the assistance of this loan, Meera will be able to purchase new equipment to expand her business and increase her profit margin. With a larger production capacity, she will be able to diversify her income and contribute towards her family's future to build a house for herself and her family. Support Meera's mission of acquiring new tools and building a better future for her family.

I wish to provide my family with a good future.

About Meera Devi's livelihood

Meera is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Meera 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

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