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Sumitra

Kushwaha

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 25,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Sumitra

Kushwaha

#focus#vison
Sumitra needs a laon to restock her general store.

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 25,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

12,499.96 is
the current outstanding balance

100 0 0 12500 0 0

100%

0%

0%


Sumitra is a hardworking woman, who supports her family by running a general store. She started this business three years ago by making a small investment on her own. Since then, she has been working hard for a decent income for herself and her family. She is now looking for a loan so she can increase the variety of the products she carries at the shop and make a better profit. With the income from the loan, Sumitra will be able to provide better for her family.

I want to own a big retail store.

About Sumitra Kushwaha's livelihood

Sumitra is a retailpreneur who works 8 hours a day for 6 days a week. With this loan Sumitra will potentially obtain employment for 312 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

25,000

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0