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Parmila

Retailpreneur

Jhajjar, Haryana

364 livelihood days

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Parmila

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

Retailpreneur

Haryana

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Parmila

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!

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Parmila 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