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Arun

Kumar

logoService Entrepreneur

logo Haridwar, Uttarakhand

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 b-img

Arun

Kumar

#ambitious#achiever
Support Arun to purchase a computer and other essential items for his learning centre.

logoService Entrepreneur

logo Haridwar, Uttarakhand

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

8,333.3 is
the current outstanding balance

100 0 0 41667 0 0

100%

0%

0%


Arun Kumar is a passionate, young man who runs a learning centre in Haridwar, Uttarakhand, where he lives with his family of six. The pandemic affected his income and he now requires some financial support from Rang De to purchase some essential items for his centre on priority. He will use the credit to purchase a computer, a printer, and a few pieces of furniture. This will provide a better learning environment and experience for the children. Invest in Arun Kumar today!

I wish to set up a proper learning centre with more facilities.

About Arun Kumar's livelihood

Arun is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Arun 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

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

Others

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