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Nandan

Prasad

Retailpreneur

Bageshwar, Uttarakhand

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Nandan

Prasad

#ambitious# hardworking
Nandan wishes to expand his retail business.

Retailpreneur

Uttarakhand

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Nandan

Nandan is an entrepreneur from a village in Bageshwar, Uttarakhand. He has been running a retail store for the past fifteen years. His income supports him and his wife. The pandemic has proven to be a difficult economic challenge for small businesses. Nandan is looking for a loan to invest in restocking his store. He dreams of a brighter and better future for himself and his family. This income can help him take a step in that direction.

About Nandan Prasad's livelihood

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

50,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Adequate

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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS