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Vijay

Yadav

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 50,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Vijay

Yadav

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Vijay needs credit to purchase a freezer for his bakery unit.

logoRetailpreneur

logo Mirzapur, Uttar Pradesh

logo 50,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,369.88 is
the current outstanding balance

99.78 0 0.22 16630 37 0

100%

0%

0%


Vijay Yadav lives in Mirzapur with his family of five. He has been running his own bakery unit for the past two years. It was not easy for Vijay to choose the path of entrepreneurship; he had to take all his savings and help from his family and friends to set up his shop. While Vijay does make a decent income from his shop, this also requires a lot of additional expenditure. Every day, he spends his own money on raw materials for his grocery shop, and also requires expenditures in order to make his inventory count. This is where Vijay needs to make an additional investment. He's looking to borrow a loan to purchase new inventory such as a freezer and bakery raw materials that can allow him to expand his business further. Support Vijay and his dreams!

I wish to become a wholesaler for bakeries in my area.

About Vijay Yadav's livelihood

Vijay is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Vijay will potentially obtain employment for 273 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

Retail store

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0