false
false 0 0 rXkNFiPXzt

Mithun

Kushwaha

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Mithun

Kushwaha

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

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 30,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

22,500 is
the current outstanding balance

60 0 40 7500 5000 0

60%

40%

0%


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!

I wish to become a successful entrepreneur.

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.

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0