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Shivam

Parmar

Retailpreneur

Jhansi, Uttar Pradesh

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Shivam

Parmar

#provider#positive
Support Shivam to renovate and expand his retail store for a better income.

Retailpreneur

Uttar Pradesh

318 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Shivam

Shivam is a wholesaler of household items and manages a retail store located in Jhansi. He's worked hard over the past five years building up his business and property. Now, he wants to expand his retail store to offer a wider selection of goods. This will allow him to increase revenue, at a time when people are looking to invest in their homes, but is lacking the resources to do so. This loan will support Shivam in renovating and expanding his retail store. By providing him with this working capital, he'll be able to increase his revenue, and his ability to support himself and his family. Support him today!

About Shivam Parmar's livelihood

Shivam is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Shivam will potentially obtain employment for 318 days.

Interest Rate

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

25,000

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