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Sima

Devi

Retailpreneur

Kishan Ganj, Bihar

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Sima

Devi

#breadwinner#hardworking
Sima Devi needs credit for building her business.

Retailpreneur

Bihar

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Sima

Sima Devi is a hard-working woman who knows perseverance and this is what sets her apart from many others. She lives with her family of four members in the district of Kishan Ganj in Bihar. She owns a retail store, where she sells groceries, snacks, and other conveniences for daily use. She has been involved in her business for the past five years and has had to make many sacrifices along the way. Sima Devi has a dream to expand her store, and would like to raise loan to buy a freezer to store raw material and the finished goods in her new freezer, and overall expand her business. Invest in Sima Devi as she works hard to acquire a new freezer and make a name for herself in the community through her business.

About Sima Devi's livelihood

Sima is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sima will potentially obtain employment for 364 days.

Interest Rate

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
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