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Sumita

Devi

Retailpreneur

KishanGanj, Bihar

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Sumita

Devi

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

Retailpreneur

Bihar

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Sumita

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.

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.

Interest Rate

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

Retail store

Investee Credit Rating:
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