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Praveen

Jain

Retailpreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Praveen

Jain

#hustler#dedicated
Invest in Praveen to purchase materials for his retail store and decorate it.

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Praveen

Praveen is a dedicated businessman who owns his own retail shop in Jhansi. With a small loan from Rang De, he can improve his business by purchasing more essential items for his customers and stock them in his store. He will also be able to decorate his store to attract new customers. This will allow him to earn more profits that can ultimately benefit his family's well-being. Through this loan, you can contribute to Praveen's cause and help him establish a successful business. Invest in him now!

About Praveen Jain's livelihood

Praveen is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Praveen 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. Praveen 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

25,000

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