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Rajkumar Banshkar

#determined#courageous
Support Rajkumar to purchase construction materials to renovate his footwear store.

Service Entrepreneur

Niwari, Madhya Pradesh

40,000 has been disbursed

312 potential days of livelihood i

40,000 is the current outstanding balance


Rajkumar is a valuable member of his community, especially to the footwear industry. He has been in the trade for almost five years and has built his clientele base. People know he's the best in town because he puts in the effort to make his business the best. The materials he orders are used to reinforce his store to keep it securely standing and also to renovate his store to make it more attractive to his customers. Now, he is planning to renovate his store and needs to meet the construction expenses. He needs a loan for the same and it will also be used to purchase new stocks for his store. With his business spirit and your investment, Rajkumar can buy what he needs to improve his store for the benefit of himself and others in his community.

I wish to expand my footwear store.

About Rajkumar Banshkar's livelihood

Rajkumar is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Rajkumar will potentially obtain employment for 312 days.

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

Investee
pays i

8.00% flat p.a.

14.40% APR

Social
Investor i

3.20%

5.76% APR

Impact
Partner i

up to 3.20%

5.76% APR

Platform
charges i

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 i

Investee
occupation

Others

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Indian Micro Enterprises Development Foundation

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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