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Shiv Prakash

Bind

logoFood Entrepreneur

logo Sant Ravidas Nagar, Uttar Pradesh

logo 30,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Shiv Prakash

Bind

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Shiv Prakash as he purchases raw materials for his bakery.

logoFood Entrepreneur

logo Sant Ravidas Nagar, Uttar Pradesh

logo 30,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

22,394.92 is
the current outstanding balance

100 0 0 7605 0 0

100%

0%

0%


Shiv Prakash Bind is a man with a big vision, and he not only dreams of prosperity but he works towards it every day. He and his family of five live in Sant Ravidas Nagar in Uttar Pradesh and run a bakery. He has been through the grind to ensure a stable and secure future for himself and his family. He needs a loan and it will be utilized to purchase ingredients for his bakery such as flour and other refined products. With more raw materials, he will be able to increase the production of bakery items and reach out to more customers. This will bring him more profits. Invest in Shiv Prakash and his dream to renovate his bakery in the future.

I wish to renovate my bakery.

About Shiv Prakash Bind's livelihood

Shiv Prakash is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Shiv Prakash will potentially obtain employment for 273 days.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0