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Sumairooya

Begam

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Sumairooya

Begam

#ambitious# hardworking
Sumairooya Begum needs funds to enhance her accessories store.

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

29,149.15 is
the current outstanding balance

100 0 0 20851 0 0

100%

0%

0%


Sumairooya Begam is a 35 year-old woman living with her husband and 3 daughters. She is a resident of Bahraich and runs a store selling toy and bangles. Sumairooya has been in this business for the last 18 years. The income that she makes is not sufficient to earn her a comfortable income and meet all her family's needs on time. Sumairooya collects the materials, fabricates the toys and produces bangles and then sells these in wholesale to the shopkeepers and wholesalers in her city. She also sells to the residents in her area. Sumairooya Begam needs credit to restock her store with the latest toys and bangles to meet the increased demand of her customers and to earn an extra income. The income that she makes from selling the toys and bangles will be used to run the household expenses and pay for the education of children. Invest in Sumairooya and be a part of her entrepreneurial journey.

I wish to build a big shop and grow my business.

About Sumairooya Begam's livelihood

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

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0