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Mo.

Ameen

Retailpreneur

Lakhimpur Kheri, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mo.

Ameen

#breadwinner#hardworking
Ameen needs a loan to restock his cosmetic store.

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Mo.

Ameen Ansari is married and has 8 family members; he lives in Lakhimpur, Uttar Pradesh. He owns a retail store where he sells cosmetic products. Ameen's business is growing, he needs to restock his store with new stock. However, without a loan, he will not be able to run to acquire the new stock or grow his business. With this loan, Ameen can restock his products to keep on running his business. Make an investment in Ameen as he restocks his business with new stock and expands his business.

About Mo. Ameen's livelihood

Mo. is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Mo. 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. Mo. Ameen has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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

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