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Pramod

Kumar

Retailpreneur

Sant Ravi Das Nagar, Uttar Pradesh

364 livelihood days

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Pramod

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Pramod needs credit to purchase paper plates for his retail store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Pramod

Pramod started his retail store four years ago in Sant Ravi Das Nagar, where he lives with his family of four. He sells small household items such as paper plates, plastic glasses, soft drinks, cookies, etc, and other items as well. Pramod is a hardworking person with a positive attitude towards life and business. Now, with the assistance of this loan, he will expand his retail business by purchasing more supplies to stock in his store. With the increased revenue generated from the sale of the items, he can support his family, pay school fees for his kids, and can have better living conditions. Support him now!

About Pramod Kumar's livelihood

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