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Rahul

Soni

Retailpreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rahul

Soni

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

Retailpreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rahul

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Rahul Soni has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% APR

Loan Details

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

Investee
occupation

Retail store

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