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Neeraj

Joshi

Retailpreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Neeraj

Joshi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Neeraj needs credit as he plans to restock his store.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Neeraj

Neeraj Joshi is a hard-working individual who dreams for his family to live a secure life. He currently lives in Tikamgarh, the district of Madhya Pradesh. Neeraj is the owner of a Kirana store, and he desires to improve his business by expanding his stock of snacks and decorative items to enhance his customers' shopping experience and augment his revenue. He needs a loan to restock his store and expand his business. He will also decorate his store to attract more customers. With this loan, Neeraj hopes to establish an efficient business and enhance his income. Invest in Neeraj!

About Neeraj Joshi's livelihood

Neeraj is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Neeraj 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. Neeraj Joshi 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

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