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Shera

Creative Entrepreneur

Jhansi, Uttar Pradesh

455 livelihood days

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Shera

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Shera needs credit to take his handicrafts business forward.

Creative Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Shera

Shera runs a handicraft unit with his wife in Jhansi. He is a hard-working man who personally makes decorative items that he sells as well. He has been running his business for the past ten years and has built a nice client base. Despite the positive impact of his business on the lives of his family, he struggles to meet certain expenses. The pandemic also reduced his profits. He needs a loan to purchase more raw materials for making more decorative items. He will be able to find new markets to sell these items and reach more customers. Invest in Shera as he expands his business to a bigger level.

About Shera 's livelihood

Shera is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Shera will potentially obtain employment for 455 days.

Interest Rate

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

Handicrafts

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.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS