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Urmila

Kumari

Creative Entrepreneur

Kishan Ganj, Bihar

20,000 has been disbursed

364 livelihood days

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

Urmila

Kumari

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Urmila as she needs a tailoring machine and a cloth rack.

Creative Entrepreneur

Bihar

20,000 has been disbursed

364 potential days of livelihood

0 is
the current outstanding balance

100 0 0 0 20000 0 0 0

100%

0%

0%

0%


About Urmila

Urmila Kumari holds the key to the success of her family and she is committed to serving them to the best of her capabilities. Urmila is an embroidery maker and has been working in this profession very recently. She lives with her family of eight members in the district of Kishan Ganj in Bihar. Urmila lacks a good tailoring machine and a safe location to keep her embroidery items due to which she is unable to expand her business. She's looking forward to a loan to purchase a new tailoring machine and a cloth rack so that she can keep her embroidery items safe, as well as continue to grow her business. Invest in Urmila as she aims for a better life with her family.

About Urmila Kumari's livelihood

Urmila is a creative 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. Urmila Kumari has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Embroidery

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