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Suman

Devi

Service Entrepreneur

Bahraich, Uttar Pradesh

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Suman

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Suman as she stocks up her Kirana store.

Service Entrepreneur

Uttar Pradesh

546 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Suman

Suman Devi has been a Kirana store owner for the last two years and has been quite successful at it. Added to that, she currently finds a need to expand her business to enhance her income. With her children growing, she needs a better income to meet her family's needs. She is looking for a loan to buy cereals and grains, cooking oil, biscuits, and other namkeens in bulk so she can have a lot more to sell to her customers. Suman is striving to expand her business and increase her net profit. Support this young entrepreneur now!

About Suman Devi's livelihood

Suman is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Suman will potentially obtain employment for 546 days.

Interest Rate

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

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