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Rina

Devi

Retailpreneur

Gaya, Bihar

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rina

Devi

#passionate#ambitious
Support Rina to expand her retail business and earn better.

Retailpreneur

Bihar

318 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Rina

Rina Devi runs a retail store in her village in Gaya, Bihar, and supports her family of three. The COVID-19 pandemic brought with it a set of challenges for Rina. It affected her business badly and put her under great financial stress. Now, she needs some credit to expand her business to attract more customers and earn better. She will use the credit to purchase raw materials to renovate her store. A new and improved shop will enable her to run the business smoothly. Invest in Rina now!

About Rina Devi's livelihood

Rina is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Rina will potentially obtain employment for 318 days.

Interest Rate

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

20,000

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