Sunder is a resident of Almora, Uttarakhand. He runs a small retail store in his village. The income from his business supports the expenses of his father, his wife and his mother and a brother. Sunder is now looking to expand his business. He is seeking credit to expand his store in a bid to also grow his monthly income. He hopes his small endeavour will better the quality of life for his family and help them make ends meet. Invest in Sunder today.
Sunder is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Sunder will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Impact
Partner
up to 5.00%
9.00% APR
Platform
charges
1.00%
1.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 75,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
Established in
2017
With Rang De from
2020
Founded by
Pankaj Wadhwa
Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.
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