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Ajay

Kushwaha

Retailpreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ajay

Kushwaha

#breadwinner#hardworking
Ajay wants to upscale his retail store.

Retailpreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ajay

Ajay Kushwaha is a hard-working man who knows perseverance, and this is what sets him apart from many others. He lives with his family of 5 members in the district of Tikamgarh in Madhya Pradesh; this has required a significant investment from Ajay. Ajay Kushwaha owns a retail store selling grocery items and has been involved in this business for the past 2 years. Despite the income that Ajay makes from his business, he struggles to meet all his family's needs on time. With a dream of providing for a better and secure future for his family, he is looking to upscale his business by adding several more items to his store's inventory. He's looking to raise a loan to buy several additional grocery items and expand his business. Invest in Ajay's profile today!

About Ajay Kushwaha's livelihood

Ajay is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Ajay 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. Ajay Kushwaha 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