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Sonu

Creative Entrepreneur

Jhansi, Uttar Pradesh

455 livelihood days

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Sonu

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Sonu as she needs to purchase raw materials for making ornaments.

Creative Entrepreneur

Uttar Pradesh

455 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Sonu

Sonu is a passionate woman who knows perseverance, and this is what sets her apart from many others. She lives with her family of five in the district of Jhansi in Uttar Pradesh. Sonu has been involved in the art of creating and designing artificial ornaments, she makes delicate and intricate ornaments that are handmade by her. She sells those in the market at a cheaper cost. This is the major income for her family. Despite the income that Sonu makes from her business, she struggles to meet all her family's needs on time. With a dream of providing for a better and secure future for her family, she wishes to expand her business. She's looking for a loan to purchase essential raw materials for making more ornaments. Invest in Sonu as she expands her handicraft business and sells it at an affordable and attractive price.

About Sonu 's livelihood

Sonu is a creative entrepreneur who works 10 hours a day for 7 days a week. With this loan Sonu will potentially obtain employment for 455 days.

Interest Rate

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Handicrafts

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