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Shrimati

logoFood Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 390 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Shrimati

#motivated#ambitious
Shrimati needs credit to buy a freezer and groceries for her canteen.

logoFood Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 390 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

28,527.41 is
the current outstanding balance

100 0 0 21473 0 0

100%

0%

0%


Shrimati is a hardworking woman who has had to bear a lot of responsibilities. She lives with her family of nine members in the district of Basti in Uttar Pradesh. Shrimati runs a food stall and has been in the food industry for four years. Shrimati's business needs a boost. She plans to raise a loan to buy a freezer fridge and to buy groceries in bulk. With a freezer fridge and ready stocks of groceries, Shrimati hopes to put forward bigger profits and provide a better living for her family. Invest in Shrimati as she makes a purchase of a freezer fridge and raw material to prepare her food stall for the future.

I wish to own a big food stall.

About Shrimati 's livelihood

Shrimati is a food entrepreneur who works 10 hours a day for 6 days a week. With this loan Shrimati will potentially obtain employment for 390 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

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