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Rumi

Perween

Retailpreneur

Kishanganj, Bihar

409 livelihood days

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Rumi

Perween

#Provider#Growth
Support Rumi expand her retail store.

Retailpreneur

Bihar

409 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rumi

Rumi Perween is a woman from the Kishanganj district of Bihar. She has been running her retail store for the past 3 years. Rumi's store is close to one of Kishanganj's main markets and is easily accessible to the customers. As an enterprising businesswoman, Rumi has invested in improving the visual appeal of her store as well as its relationship with the customers. She sells groceries and other household needs. She buys her merchandise from other traders in Kishanganj and sells her products to a large base of customers to ensure people from various regions can buy products from her. Rumi is now facing a challenge in expanding her business. She requires a loan to buy additional raw materials and then sell her products to her regular customers. This loan will also help with the decoration of her retail outlet in order to attract more customers. Support Rumi's business venture.

About Rumi Perween's livelihood

Rumi is a retailpreneur who works 9 hours a day for 7 days a week. With this loan Rumi will potentially obtain employment for 409 days.

Interest Rate

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

50,000

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