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Chandrapal

Service Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Chandrapal

#breadwinner#hardworking
Chandrapal needs credit to grow internet cafe.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Chandrapal

Chandrapal has a sound knowledge of computers and runs his own internet cafe in Jhansi. He has a lot of experience in this field, which has helped him develop a good business. But this does not mean that he does not face any problems, for every entrepreneur does. This loan will help him purchase more computers for his shop and the subsequent growth in his business will create more jobs for the people of the region. This loan will also help him repay the debts to his creditors, and this will strengthen his relationship with them. Invest towards the growth of Chandrapal's business.

About Chandrapal 's livelihood

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Professional services

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