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Usman

Ali

Food Entrepreneur

Bahraich, Uttar Pradesh

260 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Usman

Ali

#breadwinner#hardworking
Support Usman to purchase essential items for his biscuit business.

Food Entrepreneur

Uttar Pradesh

260 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Usman

Usman Ali is a hard-working man who knows the value of perseverance. He lives with his family of 3 members in the district of Bahraich in Uttar Pradesh. Usman Ali has been operating a food store for the past 8 years. Despite his hard work and perseverance, he still struggles to meet all his family's needs every month. He is looking to borrow a loan from rang de to support him with purchasing essential items for his business, such as biscuits and dalda. This loan will prove to be instrumental in helping him to grow his business and secure his family's future. Feel secure in lending to Usman as he expands his biscuit making business and purchases more essential items to sell in his store.

About Usman Ali's livelihood

Usman is a food entrepreneur who works 8 hours a day for 5 days a week. With this loan Usman will potentially obtain employment for 260 days.

Interest Rate

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

Food 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