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Ramesh

Kumar

logoFood Entrepreneur

logo Lakhimpur Kheri, Uttar Pradesh

logo 30,000 has been disbursed

logo 546 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Ramesh

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Ramesh as he needs funds for working and fixed capital for his foodstall.

logoFood Entrepreneur

logo Lakhimpur Kheri, Uttar Pradesh

logo 30,000 has been disbursed

logo 546 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

22,502.92 is
the current outstanding balance

74.97 0 25.03 7497 2503 0

75%

25%

0%


Ramesh Kumar is a hard-working and dedicated person who helps his family make ends meet. He lives with his family of ten members in Lakhimpur Kheri in Uttar Pradesh. Since the past two years, he has been running a food stall in a nearby city, to support his family. Despite the income that Ramesh makes from his food stall, he struggles to meet his family's needs on time. With a dream of providing for a better and secure future for his family, he is looking for some funds to invest in his food stall. He will use the loan as working capital and also as fixed capital. This will enable him to run his business successfully. Invest in Ramesh as he makes even more nutritious and tasty food, to expand his food stall and earn more income, to provide for his family and build a new house for them.

I wish to build a big house for my family.

About Ramesh Kumar's livelihood

Ramesh is a food entrepreneur who works 12 hours a day for 7 days a week. With this loan Ramesh will potentially obtain employment for 546 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

Food stall

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