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Reena

Devi

Beautypreneur

Mirzapur, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Reena

Devi

#breadwinner#hardworking
Reena Devi needs credit to operate her beauty parlour

Beautypreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Reena

Reena Devi has been working in the beauty parlour business for the past 7 years. She works as a beautician and cosmetic training advisor for the parlour in Mirzapur, Uttar Pradesh. Her husband is a farmer, and her daughter is studying in school. Reena is looking to expand her beauty parlour business and is looking for a loan to buy parlor items like machines and makeup products, as well as to renovate the beauty parlour. Invest in Reena as she expands her business and purchases additional parlor equipment and renovate it.

About Reena Devi's livelihood

Reena is a beautypreneur who works 10 hours a day for 7 days a week. With this loan Reena will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Reena Devi has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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

Beauty parlour

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