false
false 0 0 u2ZN3gU5rR

Sumita

Devi

logoRetailpreneur

logo KishanGanj, Bihar

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 b-img

Sumita

Devi

#Brave#reselient
Sumita Devi needs credit to stock her retail store.

logoRetailpreneur

logo KishanGanj, Bihar

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

32,968.88 is
the current outstanding balance

100 0 0 17031 0 0

100%

0%

0%


Sumita Devi runs her own retail shop in Bihar and the business has been built from scratch over the years. She has been involved in this line of work for the past 10 years. Although her current retail shop functions very well, Sumita is looking to expand her store and take it to the next level. In order to expand her retail store, Sumita is looking to take a loan to purchase a refrigerator and raw materials. Her intention is to expand her business and her customer base. Invest in Sumita Devi's venture and see her progress in life.

I wish to become a renowned retailer.

About Sumita Devi's livelihood

Sumita is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Sumita 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

Retail store

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