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Ajay

Kushwaha

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Ajay

Kushwaha

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

logoRetailpreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

41,666.58 is
the current outstanding balance

100 0 0 8333 0 0

100%

0%

0%


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!

My dream is to enjoy a secure future with my family.

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.

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

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

4.80%

8.64% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

0.00%

-0.00% APR

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 Equated Monthly Instalment

Investee
occupation

Retail store

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0