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Veer

Pal

Service Entrepreneur

North East, Delhi

351 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Veer

Pal

#breadwinner#hardworking
Invest in Veer Pal as he gets a new push cart.

Service Entrepreneur

Delhi

351 potential days of livelihood

35,000 loan is fully repaid

35,000 loan is fully repaid


About Veer

Veer Pal is a small entrepreneur who sells snack items to his neighborhoods. He uses He earns a significant income from his trade and is looking to improve his business. Currently, he purchases items in bulk and finds customers in his village and surrounding areas. He is looking to purchase a new push cart as the existing one is not that efficient. But at the moment the cost of a push cart is too high for his budget. With a loan, he'll be able to afford a new one. The push cart will make it easier to transport products and will allow him to expand his business. Invest in him today!

About Veer Pal's livelihood

Veer is a service entrepreneur who works 9 hours a day for 6 days a week. With this loan Veer will potentially obtain employment for 351 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Veer Pal has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Loan
amount

35,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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

Rethela Technology Pvt Ltd
   
Partner logo

Established in

2019

With Rang De from

2022

Founded by

Sunil Jha

Empowering women and street vendors with smart push, pedal and electric carts to provide fixed and variable income support. We also connect brands with these street vendors to help them grow their sales and market.With Rang De's credit intervention, ReThela will be able to scale up their efforts in including more street vendors, promoting their livelihoods by providing them fixed and variable income opportunities with training and development support for 12 months.

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS