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Subash Chandra

Gaud

logoService Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Subash Chandra

Gaud

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Subash needs an electric furnace for his snacks making unit.

logoService Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

29,234.17 is
the current outstanding balance

100 0 0 20766 0 0

100%

0%

0%


Subash Chandra is a young man who has recently started an enterprise that manufactures snacks in Basti. His enterprise is relatively new, so he needs a small loan to purchase a furnace for his unit and the raw materials for his shop. Subash Chandra makes different types of snacks. He is currently using the traditional method of making snacks but with the help of this loan, he will be able to set up a small electric furnace for his units and have made his business more efficient. He also will be able to save time and labour as he can make his snacks faster and more efficiently. Also, he will be able to increase his income by a significant amount in the upcoming months as he builds his business further. Invest in Subash Chandra in his growing snack business.

I wish to set up a snacks shop.

About Subash Chandra Gaud's livelihood

Subash Chandra is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Subash Chandra will potentially obtain employment for 312 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

Others

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