Ajay Singh

#skillful#techie
Support tech savvy Ajay upgrade his electric repair shop to grow his business

Service Entrepreneur

Rudraprayag, Uttarakhand

35,000 has been disbursed

318 potential days of livelihood i

27,222.68 is the current outstanding balance

100 0 0 7777 0 0

100%

0%

0%


About Ajay Singh

Rudraprayag resident Ajay Singh has five years of experience running his small electric repair shop. He works seven days a week to provide the much-needed repair services to customers in his village. With the growing advancement of tech in Rudraprayag, Ajay is realising the need to offer improved services to grow his business. He is now seeking credit to purchase electronic spares and other tools that he needs in his shop. This key upgrade will enable hardworking Ajay to support both his parents who work in the agricultural sector. He then hopes to expand his business further to open a service centre in the Tilwara market. In addition, Ajay dreams of one day owning his own car. Support industrious Ajay today and make this techie's dream come true.

My dream is to expand my business and buy a car.

About Ajay Singh 's livelihood

Ajay is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Ajay will potentially obtain employment for 318 days.

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

Investee
pays i

10.0% flat p.a.

18.0% APR

Social
Investor i

5.0%

9.0% APR

Impact
Partner i

up to 5.0%

9.0% APR

Platform
charges i

0.0%

0.0% APR

Loan Details

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

Loan
amount

35,000

Loan
tenure

18 months

Previous
loans

0

Investee
occupation

Repair works

Investee Credit Rating i :
Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

B

The rating is derived from the following data points.

Credit
bureau
score i

No credit history available

 

Rang De confidence score

 i


B


×

Partner
Rating i

B

Loan
Profile i

A

Financial
Profile i

A

Co-curated and referred by our Impact Partner
Ushamath Mahila Mahasangh

Established in

2003

With Rang De from

2019

Founded by

Promoted by AT India Organization

UMM is an apex federation of women SHGs established in 2005, registered under Uttrakhand self-reliant cooperative act 2003, to meet the financial service needs of the poor living in one of the most underserved areas of Uttrakhand. UMM's mandate has been to focus on solutions that provide direct socio economic improvement to the marginalized and low-income households. AT India and UMM work in a predominantly rural, hill-based economy. There are limited avenues to credit access and lack of sustainable livelihood sources in these regions.

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