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Ravi

Sen

Service Entrepreneur

Tikamgarh, Madhya Pradesh

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ravi

Sen

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Ravi to purchase essential materials for his salon.

Service Entrepreneur

Madhya Pradesh

312 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Ravi

Ravi is an energetic man who owns a beauty parlor in Tikamgarh. With several years of experience, Ravi understands the importance of offering quality services to his customers as they are the sole reason why his business is thriving. He needs a loan to expand his business, get a few essential items for his salon, and decorate it. With this assistance, his business would flourish and continue to grow, bringing more customers his way. Ravi is a young man who has a promising future ahead of him – with your investment, his business can be expanded and his efforts to build a brighter future for his family will bear fruit.

About Ravi Sen's livelihood

Ravi is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Ravi will potentially obtain employment for 312 days.

Interest Rate

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

20,000

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