false
false 0 0 22xHAigHld

Umesh

Sen

logoBeautypreneur

logo Jhansi, Uttar Pradesh

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

Umesh

Sen

#Hardworking#hustler
Umesh needs a loan to upscale his barber shop.

logoBeautypreneur

logo Jhansi, Uttar Pradesh

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

33,333.32 is
the current outstanding balance

66.67 0 33.33 16667 8333 0

67%

33%

0%


Umesh's is one of the fast-growing saloons. Business is growing rapidly and the potential for growth is enormous. He is looking forward to this loan to expand his business by adding some more services and is ready to work hard to repay the loan. This facility will improve his family's standard of living and will create employment for other people in his village. It is also a stepping stone for him to become a successful businessman in near future.

I want to own a big shop.

About Umesh Sen's livelihood

Umesh is a beautypreneur who works 8 hours a day for 7 days a week. With this loan Umesh 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

Beauty parlour

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0