false
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Ramcharan

Napit

logoBeautypreneur

logo Niwari, Madhya Pradesh

logo 30,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Ramcharan

Napit

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

logoBeautypreneur

logo Niwari, Madhya Pradesh

logo 30,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

9,993.56 is
the current outstanding balance

100 0 0 20006 0 0

100%

0%

0%


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.

I wish to become a successful entrepreneur.

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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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 Equated Monthly Instalment

Investee
occupation

Beauty parlour

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0