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false 0 0 2rwaApdKAR

Sikandra

Kumar

Retailpreneur

Ramgarh, Jharkhand

1,00,000 has been disbursed

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sikandra

Kumar

##wants to involve more varieties
Sikandra needs credit to restock his footwear shop.

Retailpreneur

Jharkhand

1,00,000 has been disbursed

546 potential days of livelihood

16,638.75 is
the current outstanding balance

100 0 0 0 83361 0 0 0

100%

0%

0%

0%


About Sikandra

Sikandra Kumar runs a footwear shop in Ramgarh. He's been running his business for the past 6 years and has a hopeful future planned. After completing his graduation, Sikandra started working in a footwear shop as an apprentice. As he gained experience, he started working independently. With his business growing he has been able to serve customers in his area as well as customers in Khirkiya and Dhar. Sikandra aims to expand his business, which would require additional capital. He's looking to raise a loan to restock his footwear shop in Ramgarh. This will allow Sikandra to have a strong supply of quality footwear when the business is opened again. Invest in Sikandra as he restocks his shop, constructs a warehouse in his home, and expands his business.

About Sikandra Kumar's livelihood

Sikandra is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Sikandra will potentially obtain employment for 546 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Sikandra Kumar has consented to pay the interest as below:

Investee
pays

6.00% flat p.a.

10.80% APR

Social
Investor

6.00%

10.80% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

1,00,000

Loan
tenure

18 months

Moratorium

2 months

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
Excellent

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

Transform Rural India Foundation
   
Partner logo

Established in

2016

With Rang De from

2022

Founded by

Anish Kumar, Anirban Ghose

TRIF aims to bring about a paradigm change in the lives of disadvantaged communities in rural India, more specifically the poorest 100,000 villages and enable the rural communities to achieve their full potential by ensuring they have equal access to the opportunities available to everyone else.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS