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Sunanda

Kailas Mali

logoFood Entrepreneur

logo Nandurbar, Maharashtra

logo 10,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Sunanda

Kailas Mali

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Sunanda needs to purchase raw materials for her food stall.

logoFood Entrepreneur

logo Nandurbar, Maharashtra

logo 10,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

5,833.3 is
the current outstanding balance

100 0 0 4167 0 0

100%

0%

0%


Sunanda Kailas Mali is a resident of Nandurbar. She has been running a chaat stall for more than ten years and is earning a good income each month. Her business is doing great, however she is unable to expand it due to lack of funding. This loan will help her buy raw materials like vegetables, and groceries for her business and help her purchase utensils to restock her stall. Sunanda's hard work and business acumen has ensured growth of this venture, but she is unable to fully capitalize on the profit potential for many reasons. This loan will aid her in improving the quality of her food stall products and her supplies; she will also be financially capable of purchasing a small vehicle to transport her wares from market to her stall, increasing her earnings further. Her business will progress into a model for operation, as well as instilling in her a sense of financial security, which will in-turn enable her to fulfill her family's needs and improve their quality of life.

I want to sell every kind of chaat and set up a small restaurant of my own.

About Sunanda Kailas Mali's livelihood

Sunanda is a food entrepreneur who works 6 hours a day for 7 days a week. With this loan Sunanda will potentially obtain employment for 273 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

10,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

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