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Ruby

logoCreative Entrepreneur

logo Jhansi, Uttar Pradesh

logo 25,000 has been disbursed

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

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Ruby

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Ruby to purchase cloth materials and threads for her tailoring shop.

logoCreative Entrepreneur

logo Jhansi, Uttar Pradesh

logo 25,000 has been disbursed

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

14,446.99 is
the current outstanding balance

100 0 0 10553 0 0

100%

0%

0%


Ruby is a very talented lady, a hard worker, and a reflection of her family values. She is working in the apparel business which provides her with employment and income. With the kind of experience that she has gathered over the last four years, she has become one of the most prominent tailors in the market. She is continuously improving her embroidery skills and her business is also growing. Now, she needs a loan to purchase cloth materials and coloured threads for her shop. She can expand her business in the future and provide more employment to women in her area. Invest in Ruby's shop to empower her to accomplish her dreams.

I wish to expand my tailoring business and hire help.

About Ruby 's livelihood

Ruby is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Ruby 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

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Embroidery

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