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Neeraj

Jain

Retailpreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Neeraj

Jain

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Neeraj to purchase stocks for his retail store.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Neeraj

Neeraj Jain is a resident of Tikamgarh, a hard-working individual and a retail store owner. He is a man who respects the values of honesty and integrity. He has been offering his customers household products at his store for the past two years. Having faced several difficulties and challenges, he has managed to overcome them with courage and resilience. With the assistance of this loan, Neeraj is planning to purchase more stocks for his retail store. He will also be able to decorate his store. Support Neeraj in his mission of contributing toward the growth of his retail store.

About Neeraj Jain'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 Jain 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:
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