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Ateek

Khan

Service Entrepreneur

Bahraich, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ateek

Khan

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

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ateek

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.

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.

Interest Rate

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