false
false 0 0 yiTptsNiFK

Rita

Devi

logoBeautypreneur

logo Kishan Ganj, Bihar

logo 30,000 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 b-img

Rita

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Rita to purchase a tailoring machine and cosmetic items for her cosmetic store.

logoBeautypreneur

logo Kishan Ganj, Bihar

logo 30,000 has been disbursed

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

20,000 is
the current outstanding balance

66.67 0 33.33 10000 5000 0

67%

33%

0%


Rita is a resident of Kishan Ganj, and she runs a store that sells cosmetic items. Her dream is to run her own beauty parlor. With a few years of experience in giving beauty treatments and tips, people recognize her talent and charm. With this loan, she will be able to purchase a sewing machine for tailoring and cosmetic products for her cosmetic store. This will be a huge investment in her business and this will enable her to attract more customers. She hopes to enhance her income through the expansion of her business. Support Rita to run her business successfully!

I wish to start a beauty parlor.

About Rita Devi's livelihood

Rita is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Rita 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Beauty parlour

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