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Phoolmati

Retailpreneur

Bahraich, Uttar Pradesh

455 livelihood days

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Phoolmati

#strong# resilient
Phoolmati needs credit to stock up her fancy store.

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Phoolmati

Phoolmati Devi owns a fancy store and has been involved with retail for the past 6 years. She lives with her family of 6 members in the district of Bahraich in Uttar Pradesh. Her store sells hair oils, creams, artificial jewellery, bangles, and women's apparel. However, Phoolmati has great difficulty meeting all the demands of her customers. She's looking to expand her inventory and is looking for a Rs. 50,000 loan to do that. Invest in Phoolmati as she builds her inventory, reaches out to new customers, and continues providing her customers with the best of fashion products.

About Phoolmati 's livelihood

Phoolmati is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Phoolmati will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Phoolmati has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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