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Ravi

Prajapati

Service Entrepreneur

Niwadi, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Ravi

Prajapati

#courageous#believer
Support Ravi to purchase raw materials for his flour mill.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Ravi

A resident of Niwadi, Ravi is a hardworking man who has been providing for his family since he was a young boy! Ravi began working in a flour mill when he was just fifteen. After learning the craft, he started his own flour mill three years ago. He has learned to use his hands to create high-quality flour that's been used by families across the neighboring villages. This loan will help him buy raw materials like wheat, rice, and sesame seeds to produce flour and earn an additional income. With your support, he can make more of his signature flour and sell it to his customers!

About Ravi Prajapati's livelihood

Ravi is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Ravi will potentially obtain employment for 364 days.

Interest Rate

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

Others

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