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Monu

.

Beautypreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Monu

.

#Hardworking
Invest in Monu's salon.

Beautypreneur

Uttar Pradesh

455 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Monu

Monu is an upcoming entrepreneur, who has been running a beauty parlour for the past 2 years. He is trying to attain his dream of becoming a successful entrepreneur. In order to achieve his dream, he needs a loan; this will help him purchase raw material in order to expand his parlour. He is requesting funds to invest in his salon. He wants to expand his business by buying more raw material and to gain more customers. He is requesting a loan of Rs.40,000. Invest in Monu's business of a Beauty Parlor and help him to fulfill his dream!

About Monu . 's livelihood

Monu is a beautypreneur who works 10 hours a day for 7 days a week. With this loan Monu 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. Monu . 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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

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