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Raju

Porval

Retailpreneur

Bahraich, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Raju

Porval

#breadwinner#hardworking
Raju Porval needs credit support for expanding his retail store.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Raju

Raju Porval is a hard-working man who has a family of 5. He lives with his family in the district of Bahraich in Uttar Pradesh. Raju Porval is a retail store owner, and has been involved with retail for the past 2 years. Despite the income that Raju Porval makes from his business, he struggles to meet all his family's needs on time. With a dream of providing for a better and secure future for his family, he is looking to expand his business. He's looking to raise a loan to purchase sugar, Tel. Masala, Besan Dal Chwal, Biscuit Namkin, Wash products and Cosmetic items. Invest in Raju Porval as he expands his retail store, expands his product line, and constructs a new shed for his store.

About Raju Porval's livelihood

Raju is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Raju 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. Raju Porval 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

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