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Pravesh

Varma

logoFood Entrepreneur

logo Niwari, Madhya Pradesh

logo 40,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Pravesh

Varma

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

logoFood Entrepreneur

logo Niwari, Madhya Pradesh

logo 40,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

13,333.28 is
the current outstanding balance

100 0 0 26667 0 0

100%

0%

0%


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!

I wish to open more branches of my restaurant.

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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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 Equated Monthly Instalment

Investee
occupation

Food stall

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0