false
false 0 0 zrFRiquJYH

Vijay

Kumar

Retailpreneur

Mirzapur, Uttar Pradesh

390 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Vijay

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Vijay's footwear shop and support his dreams.

Retailpreneur

Uttar Pradesh

390 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Vijay

Vijay Kumar is a hard-working man who has been running a small footwear shop for the past one year. Despite the income generated from his business, he is unable to meet his family's needs on time. So, he wishes to invest in his footwear shop and open a big one in the city in the near future. With a loan, he will purchase more footwear for ladies, gents, and kids so that he can serve his customers better. He lives with his family of three members and has great dreams of increasing his business so that he can fulfill his long-term goals and support his family. Invest in Vijay Kumar as he runs his business successfully.

About Vijay Kumar's livelihood

Vijay is a retailpreneur who works 10 hours a day for 6 days a week. With this loan Vijay will potentially obtain employment for 390 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

4.00%

7.20% APR

Loan Details

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

Loan
amount

25,000

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS