false
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Ateek

Khan

logoService Entrepreneur

logo Bahraich, 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

Ateek

Khan

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Ateek Khan's repair shop and support him expand it.

logoService Entrepreneur

logo Bahraich, 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

32,974.19 is
the current outstanding balance

100 0 0 17026 0 0

100%

0%

0%


Ateek Khan is a hardworking man who has been repairing cycles in the district of Bahraich for the past ten years. This work requires skill and perseverance, and he has both of these qualities. Now, he wishes to expand his business and make his repair shop a large, and establish a successful business. He is looking to take a loan to buy new cycles, tyres for them, cycle rims, and other expenses for his new and upgraded repair shop. Invest in Ateek Khan as he wishes to lead a better life with his family with the profit from his repair shop.

I wish to renovate my repair shop.

About Ateek Khan's livelihood

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

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0