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Reena

Devi

Retailpreneur

Bahraich, Uttar Pradesh

546 livelihood days

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

Reena

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Reena needs credit to invest in her Kirana store.

Retailpreneur

Uttar Pradesh

546 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Reena

Reena Devi owns a small retail store in the district of Bahraich. With her store, she sells a variety of household necessities and food items. She has been running this store for almost a year now and has completed her first year of operations with a profit. However, she is currently looking to expand her business, as she believes there is a lot of room to grow. She needs a loan to purchase groceries, oils, flour, and sugar. Invest in Reena's retail store as she expands her business and procures more goods in her store.

About Reena Devi's livelihood

Reena is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Reena will potentially obtain employment for 546 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

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

Retail store

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