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Ravi

Sagarya

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ravi

Sagarya

#resilient#hustler
Ravi needs credit to purchase raw materials for his repair shop.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ravi

Ravi is a resident of Niwari in Madhya Pradesh. He has been running his business of repair works on sewing machines, cameras, and other small appliances for a long time. His experience in doing repairs of these items has earned him a great deal of recognition in the society here. Now, he needs some funds to make additions to his shop and expand his business. With a loan, he will purchase raw materials for repairing and make arrangements for advertising his business. He will also be able to decore his shop to make it attractive to his customers. This way his business will make more profits and earn a good name for Ravi. Invest in Ravi's repair shop!

About Ravi Sagarya'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 Sagarya 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Repair works

Investee Credit Rating:
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