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Munim

Retailpreneur

Bahraich, Uttar Pradesh

455 livelihood days

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Munim

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

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Munim

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.

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.

Interest Rate

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