false
false 0 0 VhW5q4Glfo

Ashok

.

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

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

Ashok

.

#provider#resilient
Ashok needs to get shuttering materials for his business.

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

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

41,666.66 is
the current outstanding balance

100 0 0 8333 0 0

100%

0%

0%


Ashok is an ambitious and hard-working man who is doing and has done a lot to support his family. He is a contractor who owns his own enterprise of construction work. In the past ten years, he has endeavored to develop his business, and with his experience, he has been able to steadily expand it. But even with all this prosperity, Ashok is not secure about the future of his business. His key problem is that he does not have shuttering materials for his business, which is the main material involved in his business. Thus, the shortage of shuttering materials is hampering the expansion of his business, which is why he needs a loan in order to fulfill his needs. Support Ashok to procure shuttering materials for his business and expand his business further!

I wish to become a successful businessman.

About Ashok . 's livelihood

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

4.80%

8.64% 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

0.00%

-0.00% 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

Construction

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