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Meera

Devi

Service Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Meera

Devi

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

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Meera

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.

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.

Interest Rate

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
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