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Surendra

Kumar

Retailpreneur

Lakhimpur Kheri, Uttar Pradesh

468 livelihood days

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

Surendra

Kumar

#dedicated#determined
Invest in Surendra's mobile shop.

Retailpreneur

Uttar Pradesh

468 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Surendra

Surendra Kumar is a man who is truly dedicated to his family and his business. He lives with his family of four and earns a decent income by selling mobiles and accessories. He has to put his earnings and set up his very own mobile shop a few years ago. Working in a small store has never discouraged him from pursuing his dream of expanding his business. As part of his dream, he is looking to invest in more new mobiles, a printer, and mobile accessories for his shop. This will attract more customers and increase his income. Invest in Surendra's journey as he proves to be a true entrepreneur.

About Surendra Kumar's livelihood

Surendra is a retailpreneur who works 12 hours a day for 6 days a week. With this loan Surendra will potentially obtain employment for 468 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Surendra Kumar has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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:
Very 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