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Neeraj

Joshi

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Neeraj

Joshi

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

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

29,161.35 is
the current outstanding balance

100 0 0 20839 0 0

100%

0%

0%


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!

I wish to enjoy a secure future with my family.

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.

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

3.20%

5.76% 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

1.60%

2.88% 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