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false 0 0 yvmKbREJHR

Parmila

logoRetailpreneur

logo Jhajjar, Haryana

logo 50,000 has been disbursed

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

b-img b-img b-img

Parmila

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Parmila needs credit to buy cosmetic items and decorate her cosmetic store.

logoRetailpreneur

logo Jhajjar, Haryana

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

29,120.45 is
the current outstanding balance

100 0 0 20880 0 0

100%

0%

0%


Parmila manages a cosmetic store in her village. Parmila has two years of experience in this field and has won the trust of her customers. She is the key earner of her family as she contributes a major share of the income. Parmila is an expert in decoration, jewelry and cosmetic items. Now, she wishes to expand her business to reach more customers and enhance her income. She has requested a loan to buy cosmetic items and to decorate her cosmetic store for attracting new customers. She will also invest in advertising her business. This will enable her to run her business successfully. Invest in Parmila now!

I wish to build a big house for my family.

About Parmila 's livelihood

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

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0