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Urmila

Service Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Urmila

#Hardworking#dedicated
Urmila needs a loan restock her apparel store.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Urmila

Urmila is a resident of Jhansi, in Uttar Pradesh. She owns a small-scale apparel store. Urmila's store offers a wide variety of clothing and footwear for several occasions- daily wear, special occasions, etc. She offers competitive prices to keep her customers coming back for more. Urmila's hard work and determination has put her business through some rough times, but now she's stable and looking to grow. She's requesting a loan to restock her store with a variety of light, summer clothing. With your assistance, she'll soon be ready to hit the markets, and expand her new business even further!

About Urmila 's livelihood

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

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Impact
Partner

up to 3.20%

5.76% APR

Platform
charges

1.60%

2.88% APR

Loan Details

The following section provides a detailed view of the investee loan requirement.

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

Investee Credit Rating:
Good

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.

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