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Rakesh

Kumar

Retailpreneur

Jhansi, Uttar Pradesh

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rakesh

Kumar

#breadwinner#hardworking
Rakesh wants to grow his retail store.

Retailpreneur

Uttar Pradesh

409 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Rakesh

Rakesh Kumar is a young and hard-working man who lives with his family of 4 in the district of Jhansi. Rakesh has been in the apparels business for the last 3 years now. His store is a sure-shot hit with the customers around him. To him, this is more than a business; it is a way of life. He knows customers are the lifeline of any business, and wishes to meet their growing needs. But, the expansion of his retail store has been limited due to a lack of capital. Rakesh, hence wishes to avail a loan to grow his business by restocking his products and thereby, enhancing his product offering. Invest in Rakesh as he expands his retail store, purchases merchandise, and gains a wider customer base.

About Rakesh Kumar's livelihood

Rakesh is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Rakesh will potentially obtain employment for 409 days.

Interest Rate

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

40,000

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