false
false 0 0 kBLJ2eYvwT

Rahul

Soni

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Rahul

Soni

#Hardworking
Support Rahul to purchase essential items for his utensils store

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

37,069.19 is
the current outstanding balance

100 0 0 12931 0 0

100%

0%

0%


Rahul Soni has been working in Jhansi for the past 10 years, where he has a retail store for kitchen utensils. He wishes to increase his business's revenue by expanding it, and therefore he is looking to expand his business further. Rahul's life is driven by his passion to expand his business. He's looking to raise a loan to support him buy a lot more utensils and material used to make utensils, in addition to the current stock he's planned on purchasing from money he has saved from his daily earnings. Invest in Rahul's dream as he buys more goods for his shop and expands his business further.

To expand the enterprise

About Rahul Soni's livelihood

Rahul is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Rahul will potentially obtain employment for 455 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

4.80%

8.64% 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

0.00%

-0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Retail store

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