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Ramcharan

Napit

Beautypreneur

Niwari, Madhya Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ramcharan

Napit

#passionate#hustler
Invest in Ramcharan to purchase essential items and expand his beauty parlor.

Beautypreneur

Madhya Pradesh

273 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Ramcharan

Ramcharan has been running a beauty parlour for six years, and now has the capability to be fully self-employed. He is a hard-working man and contributes to his family's income through his beauty parlour. Ramcharan has been growing his business for years and has been able to take care of his family and improve their quality of life. He will use the loan to purchase necessary items for his business, such as cosmetic items, scissors, trimmer, hairdryer, hairbrush and shelves. With these new additions, Ramcharan's beauty parlour will serve more customers with ease. With each new customer, Ramcharan's income will continue to grow and help support his family. Make a positive difference in the life of Ramcharan and invest in his growth.

About Ramcharan Napit's livelihood

Ramcharan is a beautypreneur who works 7 hours a day for 6 days a week. With this loan Ramcharan will potentially obtain employment for 273 days.

Interest Rate

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

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