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Narendra Kumar

Kushwaha

Retailpreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Narendra Kumar

Kushwaha

#breadwinner#positive
Enable Narendra Kumar to purchase furniture and raw materials for his electronic store.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Narendra Kumar

Narendra Kumar is a young man who owns an electronic store in Tikamgarh. His store serves as a place where people buy home fittings, decorative ornaments, lights, and other items used in the home. Narendra Kumar dreams of expanding his business to new heights by enhancing his inventory. By purchasing more furniture and raw materials for his electronic store, Narendra Kumar can raise the value of his business and offer better products and services to his clients. He is a person of good character, when it comes to repaying his loans, he has proven to be a one-of-a-kind borrower. This loan will help him take his store to a higher level, without any hassle.

About Narendra Kumar Kushwaha's livelihood

Narendra Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Narendra Kumar will potentially obtain employment for 364 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Narendra Kumar Kushwaha has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

30,000

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