false
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Suresh

Devi

logoRetailpreneur

logo Jhajjar, Haryana

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Suresh

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Suresh intends to upscale her apparel store.

logoRetailpreneur

logo Jhajjar, Haryana

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

24,917.38 is
the current outstanding balance

100 0 0 25083 0 0

100%

0%

0%


Suresh Devi is a resident of Jhajjar, Haryana. She needs to buy new clothing items for her apparel store. Suresh Devi has been in this business for the past five years. She has made a lot of effort over the years and has finally succeeded in establishing and developing the business. But now she is in need of money in order to purchase stocks from the market to keep her business running smoothly. With the support of this loan, she will be able to purchase stocks for her store, as well as expand her business further. This business will eventually assist in developing Suresh Devi's family and provide her with a great source of income. Invest in her now!

I want my business to be well established.

About Suresh Devi's livelihood

Suresh is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Suresh will potentially obtain employment for 364 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Apparel 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