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Sumairooya

Begam

Service Entrepreneur

Bahraich, Uttar Pradesh

364 livelihood days

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Sumairooya

Begam

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

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Sumairooya

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.

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.

Interest Rate

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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