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Himanshu

Kumar

Retailpreneur

Nainital, Uttarakhand

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Himanshu

Kumar

#provider# ambitious
Himanshu needs credit to set up a retail store.

Retailpreneur

Uttarakhand

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Himanshu

Himanshu lives in Nainital, Uttarkhand where he is an entrepreneur. He receives income from running a small business. However, he is ambitious and wants to increase his earnings. THe success in his current business has encouraged Himanshu to set up a new retail store in his locality and find additional means of enhancing his income. He will use this credit to purchase products for inventory and invest it as initial capital for his venture. Invest in Himanshu so that he can expand his business and support his family.

About Himanshu Kumar's livelihood

Himanshu is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Himanshu will potentially obtain employment for 455 days.

Interest Rate

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

Investee
pays

10.00% flat p.a.

18.00% APR

Social
Investor

4.00%

7.20% APR

Platform
charges

6.00%

10.80% APR

Loan Details

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

Loan
amount

50,000

Loan
tenure

24 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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

Established in

2017

With Rang De from

2020

Founded by

Pankaj Wadhwa

Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS