false
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Rijavana

Khan

logoRetailpreneur

logo Niwari, Madhya Pradesh

logo 50,000 has been disbursed

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

b-img b-img b-img

Rijavana

Khan

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

logoRetailpreneur

logo Niwari, Madhya Pradesh

logo 50,000 has been disbursed

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

37,486.87 is
the current outstanding balance

100 0 0 12513 0 0

100%

0%

0%


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.

My dream is to enjoy a secure future with my family.

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.

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

4.80%

8.64% 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

0.00%

-0.00% APR

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 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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0