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Ramakant

Namdev

Retailpreneur

Niwari, Madhya Pradesh

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ramakant

Namdev

#resilient#achiever
Invest in Ramakant to purchase new materials for his retail shop.

Retailpreneur

Madhya Pradesh

312 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Ramakant

Niwari is a small village in the city of Agra. It is in this village that Ramakant lives and works. Ramakant operates a retail store that sells skin and hair care items, makeup items, gifts, and other household essentials to his customers. He is deeply rooted in this community, and he and his family are very well known and respected. Ramakant is requesting a new loan to purchase new materials for his store. This loan will give him an opportunity to purchase new materials and stay competitive in the marketplace. He will also be able to extend his hours of operation and provide a better service for his customers. Invest in him now!

About Ramakant Namdev's livelihood

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

Interest Rate

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Apparel 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