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Pravesh

Varma

Food Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Pravesh

Varma

#breadwinner#hardworking
Invest in Pravesh to set up a restaurant and purchase essential items.

Food Entrepreneur

Madhya Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Pravesh

Pravesh is a young and dynamic entrepreneur who runs a restaurant in Niwari. Pravesh is an enterprising individual who has a keen eye and a unique knack for identifying a business opportunity and seizing it with both hands. With his primary focus being on his family, he plans to use this loan to expand and develop his business. He needs a loan and he will use it to purchase essential items such as utensils and other supplies for use in his restaurant, thereby boosting his business. Pravesh's hard work and ambition will guide him to success, and this loan will ensure that he continues to grow his business for years to come. Support him now!

About Pravesh Varma's livelihood

Pravesh is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Pravesh 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. Pravesh Varma 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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food stall

Investee Credit Rating:
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