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Suman

Devi

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 546 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Suman

Devi

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

logoService Entrepreneur

logo Bahraich, Uttar Pradesh

logo 50,000 has been disbursed

logo 546 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

37,500.8 is
the current outstanding balance

99.99 0 0 12499 0 0

100%

0%

0%


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!

I wish to give a good education to my children.

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.

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