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Ajay

Nigam

Retailpreneur

Bahraich, Uttar Pradesh

546 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ajay

Nigam

#hardworking# gogetter
Ajay Nigam needs credit to expand his electronics shop.

Retailpreneur

Uttar Pradesh

546 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ajay

Ajay Nigam is a hard-working man who knows perseverance, and this is what sets him apart from many others. He lives with his family of 4 members in the district of Bahraich from Uttar Pradesh. He owns an electronics shop that he has been running for the past three years. Despite the income that Ajay makes from his business, he struggles to meet all his family's needs. With a dream of providing for his family a better and more secure future, he is looking to expand his business. He's looking to raise a loan to buy a wide range of products including mobiles, watches and sound machines. Invest in Ajay as he expands his electronics shop, purchase products to stock them in his shop, and store products securely.

About Ajay Nigam's livelihood

Ajay is a retailpreneur who works 12 hours a day for 7 days a week. With this loan Ajay will potentially obtain employment for 546 days.

Interest Rate

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

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