false
false 0 0 VYCr2eDeEy

Devendra Kumar

Rajak

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Devendra Kumar

Rajak

#strong# resilient
Support Devendra as he nurtures young minds through his coaching centre.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Devendra Kumar

Devendra Kumar Rajak is a well established professional who has been coaching school children and college students for almost 13 years now. He is now looking to expand his coaching centre. He wishes to add new furniture and purchase infrastructure and stationary for his classes. With the assistance of this loan, Devendra will help his students achieve success and also teach them the skills they need to face the challenges of life.

About Devendra Kumar Rajak's livelihood

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

Professional services

Investee Credit Rating:
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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS