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Minadei

Majhi

Creative Entrepreneur

Rayagada, Odisha

273 livelihood days

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Minadei

Majhi

#focus#vison
Minadei needs a loan to upscale tailoring work.

Creative Entrepreneur

Odisha

273 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Minadei

Minadei works hard to make herself and her family stand on their feet. She is the sole breadwinner of her family. She takes up tailoring work in her neighborhood. She also does embroidery for the women in her village and is making good progress. With this loan, she will purchase new embroidery materials and start a tailoring unit too. This will enable her to a great extent in improving her income and standard of living.

About Minadei Majhi's livelihood

Minadei is a creative entrepreneur who works 6 hours a day for 7 days a week. With this loan Minadei will potentially obtain employment for 273 days.

Interest Rate

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Embroidery

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