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Aklakh

Ahmad

Service Entrepreneur

Sant Ravi Das Nagar, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Aklakh

Ahmad

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

Service Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Aklakh

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.

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.

Interest Rate

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

50,000

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