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Rekha

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 40,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Rekha

#Hardworking
Rekha needs a loan to restock her apparel store.

logoRetailpreneur

logo Jhansi, Uttar Pradesh

logo 40,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

19,999.96 is
the current outstanding balance

100 0 0 20000 0 0

100%

0%

0%


Rekha started with a small retail store in Jhansi and has been working in this business for the past 12 years. Her strong belief in her business is what propelled her to contribute to her family's income. She's now in need of a loan to restock her store with latest stock as she wants her customers to be satisfied and happy with her merchandise. Your esteemed support in this small loan will go a large way in aiding her business's progression and other financial needs.

I wish to become a successful entrepreneur.

About Rekha 's livelihood

Rekha is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Rekha will potentially obtain employment for 364 days.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Retail store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0