Faruk is a breadwinner for a family of six. He is a daily wage worker as he runs an autorickshaw to earn income for his family. Due to the lockdown, Faruk is unable to make any income and his savings are falling short to meet expenditures and dues. Faruk is seeking a formal loan to tide through the crisis.
Farukh is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Farukh will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Farukh Farukh has consented to pay the interest as below:
Investee
pays
0.00% flat p.a.
0.00% APR
Social
Investor
0.00%
0.00% APR
Platform
charges
0.00%
0.00% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 5,000
Loan
tenure
3 months
Moratorium
None
Repayment
mode
Flexible repayments
Investee
occupation
Transport services
Established in
2020
With Rang De from
2020
Founded by
Anish Gupta
Pink Capital is enabling low-income households for a better tomorrow by helping them plan today. They educate them about financial planning, nudge them to become investors into their safer future and offer affordable goal-based products. Their saving and insurance products are designed to help these households achieve life goals and protect them against uncertainties in life.
Share Farukh's profile
Invite your family and friends to view Farukh's profile on Rang De
