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Abhishek

Kumar

Agripreneur

Bahraich, Madhya Pradesh

182 livelihood days

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Abhishek

Kumar

#Hard worker
Abhishek wants to expand his ago-product business.

Agripreneur

Madhya Pradesh

182 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Abhishek

Abhishek Kumar is a successful and hard-working young man who is the head of his family. Currently, Abhishek works in the agriculture industry and sells agro-products. Abhishek's goal is to expand his business more and increase his profits, though his biggest obstacle is how he can realise his dream. With limited funds and less working capital, Abhishek is looking to raise a loan to purchase the necessary tools and equipment to expand his business and improve the quality of his products. He is looking to raise a loan of Rs. 50,000. Invest in Abhishek as he looks to increase his output of agro products and expand his business with the purchase of new equipment for his rural product selling business.

About Abhishek Kumar's livelihood

Abhishek is an agripreneur who works 4 hours a day for 7 days a week. With this loan Abhishek will potentially obtain employment for 182 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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

Agro products

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