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Santosh

Kumar

Retailpreneur

Jhansi, Uttar Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Santosh

Kumar

#determined#courageous
Invest in Santosh to stock up his Kirana store and expand his business.

Retailpreneur

Uttar Pradesh

273 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Santosh

Santosh is from Jhansi. He is a hard-working and determined person who runs a retail store. Because of the financial crisis, he is finding it difficult to run the business. As a result, his business is not making a profit. If a loan is arranged for him, then he will be able to purchase more stocks from the wholesale market and he will have money in hand to pay his supplier on time. With the help of this loan, he intends to invest in his business and grow profitably. He also will renovate his store. Support Santosh to enhance his income!

About Santosh Kumar's livelihood

Santosh is a retailpreneur who works 6 hours a day for 7 days a week. With this loan Santosh will potentially obtain employment for 273 days.

Interest Rate

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

20,000

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