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Ravikant

Sutrkar

Food Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ravikant

Sutrkar

#hardworking#ambitious
Support Ravikant to purchase materials for his food stall.

Food Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Ravikant

Ravikant Sutrkar is a resident of Tikamgarh, who has been running a food stall for the past three years. He provides food to the locals with the support of his wife and mother. He sells different kinds of food, but to eat his hot and yummy momos, people visit his stall regularly. In order to expand his business, he needs some help from Rang De. He wants to purchase materials required for his food stall, so he can sell more food to the people visiting his stall. He will also decorate his stall to attract more customers. Support Ravikant to grow his business and to provide more people a delicious cuisine.

About Ravikant Sutrkar's livelihood

Ravikant is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Ravikant 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. Ravikant Sutrkar 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