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Sanjeev Kumar

Kori

Retailpreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sanjeev Kumar

Kori

#Hardworking# Ambitious
Invest in Sanjeev's incense stick business.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Sanjeev Kumar

Sanjeev Kori has been in business for the past ten years and has been running a retail store for the same, manufacturing incense sticks. The retail store that Sanjeev owns caters to all kinds of incense sticks. This is the first few incense stick stores in his village and setting up a business in a less explored area speaks to his foresight. Through his hard work, Sanjeev has built a successful business and is looking at increasing his customer base. He wants to expand his retail store and purchase more materials to make incense sticks. Invest in his dreams.

About Sanjeev Kumar Kori's livelihood

Sanjeev Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sanjeev Kumar 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. Sanjeev Kumar Kori 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