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Atam

Singh

Food Entrepreneur

Jhansi, Uttar Pradesh

390 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Atam

Singh

#courageous#believer
Atam needs credit to purchase a hand cart and materials for the chats.

Food Entrepreneur

Uttar Pradesh

390 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Atam

Atam Singh is a hard-working man who has been in the food stall business for five years. He sells chats and potatoes in his food stall. This loan will help him to purchase a hand cart to transport his products more efficiently and reduce his cost of transportation. During the last rainy season, Atam was unable to sell his products because the place he usually sells from was inundated in water. This means that he could not generate any revenue at all during this time. If he had a hand cart then he would be able to take advantage of every opportunity to sell his goods. Invest in Atam today!

About Atam Singh's livelihood

Atam is a food entrepreneur who works 10 hours a day for 6 days a week. With this loan Atam will potentially obtain employment for 390 days.

Interest Rate

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Food stall

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