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Radha

Charan

Creative Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Radha

Charan

#breadwinner#hardworking
Radha Charan wants to revamp and expand his embroidery business.

Creative Entrepreneur

Uttar Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Radha

Radha Charan is a master of his craft and has been offering embroidery services to many clients in Jhansi, for over 10 years now. He recently opened a shop with his savings and has been working very hard to build clients. With the capital from his loan, his business will grow rapidly in size and number of customers. He will use the credit to purchase new equipment and furniture for his store. He also hopes to provide employment through the advancement in his business. Support to Radha Charan to improve the wellbeing of his family and contribute towards the development of the city of Jhansi.

About Radha Charan's livelihood

Radha is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Radha 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. Radha Charan 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

Embroidery

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