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Rijavana

Khan

Retailpreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rijavana

Khan

#breadwinner#hardworking
Rijavana needs credit to purchase raw materials.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rijavana

Rijavana Khan is a hard-working young man working as a retailer in a retail store in Niwari. Rijavana has been doing it since the age of 15, and is looked up to by many in his village as a hardworking and trustworthy individual. He is facing financial crunches in order to expand his business, so he is looking for a loan of 50,000. The things Rijavana wishes to purchase include spices for his store, noodles, flour, sugar, salt, and other items. Rijavana's goal is to expand his retail business, as he would like to employ others and be able to pay them a salary. With the loan from Rang De, he will be able to expand his business, and give others an opportunity to work and earn a living. This is an opportunity to invest in Rijavana as he expands his retail store, employs others and is able to pay them wages.

About Rijavana Khan's livelihood

Rijavana is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Rijavana 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. Rijavana Khan 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

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