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Mithun

Kushwaha

Retailpreneur

Tikamgarh, Madhya Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mithun

Kushwaha

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Mithun's retail store to purchase more stocks.

Retailpreneur

Madhya Pradesh

455 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Mithun

Mithun is a simple, honest, and hard-working man who is running a retail store in Tikamgarh. He has been in this business for five years and has gained valuable experience. For the last five years, Mithun's retail store has always been counted upon by the local people as a reliable source of good quality products. Now, he wishes to expand it and needs assistance from Rang De for the same. He will use the loan to purchase a variety of materials and decorate his retail store to make it attractive. This will fetch him a better income. Support Mithun now!

About Mithun Kushwaha 's livelihood

Mithun is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Mithun will potentially obtain employment for 455 days.

Interest Rate

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