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Ramesh

Kumar

Food Entrepreneur

Lakhimpur Kheri, Uttar Pradesh

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ramesh

Kumar

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

Food Entrepreneur

Uttar Pradesh

546 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Ramesh

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.

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.

Interest Rate

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

Food stall

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