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Sunanda

Kailas Mali

Food Entrepreneur

Nandurbar, Maharashtra

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Sunanda

Kailas Mali

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

Food Entrepreneur

Maharashtra

273 potential days of livelihood

10,000 loan is fully repaid

10,000 loan is fully repaid


About Sunanda

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.

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.

Interest Rate

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

10,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food stall

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