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Shrimati

Food Entrepreneur

Basti, Uttar Pradesh

390 livelihood days

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Shrimati

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

Food Entrepreneur

Uttar Pradesh

390 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Shrimati

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.

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.

Interest Rate

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

Food stall

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