false
false 0 0 yiTptsNiFK

Rita

Devi

Beautypreneur

Kishan Ganj, Bihar

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Rita

Devi

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

Beautypreneur

Bihar

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Rita

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!

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.

Interest Rate

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Beauty parlour

Investee Credit Rating:
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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS