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Munim

logoRetailpreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

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

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Munim

#ambitious#courageous
Munim needs credit to stock up his retail store.

logoRetailpreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

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

50,000 is
the current outstanding balance


Munim has a retail store in the city of Bahraich, and he needs a loan to stock up his store with necessary goods. Munim has been in this business for the last year. The business started off with a small capital, but as the business flourished, Munim found himself in need of more capital to purchase more stock. He wants to have a prominent standing in the market, and he wishes to expand his business. He is looking for a loan to stock up his retail store with necessary food, snacks, and grocery items to meet his customers' demands. Invest in Munim so that he can expand his business and become a well-established businessman.

I wish to open a big retail store.

About Munim 's livelihood

Munim is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Munim 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

4.80%

8.64% 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

0.00%

-0.00% APR

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 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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0