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Ajay

Kumar

Service Entrepreneur

Jhansi, Uttar Pradesh

273 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ajay

Kumar

#ambitious#achiever
Invest in Ajay to purchase essential items for his repair works.

Service Entrepreneur

Uttar Pradesh

273 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Ajay

Ajay is a hard-working man who has been fixing various appliances and repairing various things for over a decade now. He lives in Jhansi, an industrial city of Uttar Pradesh, and fixes various items that his customers purchase from him, including their newly purchased phones. With the assistance of this loan, Ajay will invest in tools and other items essential to his work. They include items for a motor and other stocks for his store. Ajay will also be able to purchase a new pair of goggles and two precision screwdrivers that are essential for his work, and he'll be able to replace his old one so he can fix a wider range of appliances. Be a part of Ajay's mission and join us in contributing to the growth of his family's livelihood.

About Ajay Kumar's livelihood

Ajay is a service entrepreneur who works 6 hours a day for 7 days a week. With this loan Ajay will potentially obtain employment for 273 days.

Interest Rate

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

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

3.20%

5.76% APR

Platform
charges

4.80%

8.64% APR

Loan Details

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

Loan
amount

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Repair works

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