false
false 0 0 MGSJC4wKoY

Aklakh

Ahmad

logoService Entrepreneur

logo Sant Ravi Das Nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Aklakh

Ahmad

#breadwinner#hardworking
Support Aklakh to purchase automobile parts for his repair shop.

logoService Entrepreneur

logo Sant Ravi Das Nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

16,664.96 is
the current outstanding balance

100 0 0 33335 0 0

100%

0%

0%


Aklakh Ahmad has learned the art of repairing vehicles since the age of fifteen. Being a self-learner, he has the necessary knowledge and expertise in this work and has gained experience over the years. Aklakh repairs auto parts and earns a living through it. The automobile industry is growing rapidly and there is a huge demand for spare parts. Aklakh is an enterprising individual and eagerly looking to expand his business. With your help, Aklakh will buy new automobile parts and be able to provide better service to his clients. This will also help him increase his profits which he can invest in his future and his family's development. Invest in Aklakh to support his effort to build a better future.

I wish to give a good future for my children.

About Aklakh Ahmad's livelihood

Aklakh is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Aklakh will potentially obtain employment for 455 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

3.20%

5.76% 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

1.60%

2.88% 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

Repair works

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0