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Avdhesh

Kumar

Service Entrepreneur

Basti, Uttar Pradesh

364 livelihood days

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Avdhesh

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Avdhesh is keen to expand his mobile repair shop.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Avdhesh

Avdhesh Kumar, who lives in the Basti district of Uttar Pradesh, runs a small mobile repair shop. He is the sole breadwinner in his family of five, comprising his wife and children. With the little income he earns, he always makes sure that his family is happy. He has a dream to expand his mobile repair shop further by adding a computer and purchasing some essential repairing items. He is a small business owner whose business has thrived over the years. Support him to continue to grow his business and provide better services to his clients.

About Avdhesh Kumar's livelihood

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