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Vinod Kumar

Maurya

Retailpreneur

Sant Ravi Das Nagar, Uttar Pradesh

364 livelihood days

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Vinod Kumar

Maurya

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Vinod Kumar as he needs a new oil expeller machine.

Retailpreneur

Uttar Pradesh

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Vinod Kumar

Vinod Kumar Maurya is a successful mill owner who owns a small flour mill in Sant Ravi Das Nagar. He is known for his hard work, commitment to his work, and his diligence in getting to work on time. He has won the trust of his customers and they approach him for all kinds of flours and oils. The business he runs is very successful, and he is looking to expand it. He needs some funds to purchase a new oil expeller machine so that he can take provide the services more efficiently. This will bring him more customers and better profits. Invest in Vinod Kumar as he dreams high!

About Vinod Kumar Maurya's livelihood

Vinod Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Vinod Kumar will potentially obtain employment for 364 days.

Interest Rate

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

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Retail store

Investee Credit Rating:
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