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Vijay

Yadav

Retailpreneur

Mirzapur, Uttar Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Vijay

Yadav

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

Retailpreneur

Uttar Pradesh

273 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Vijay

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!

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.

Interest Rate

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail 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