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Gajendra

Kumar

Service Entrepreneur

Jhansi, Uttar Pradesh

30,000 has been disbursed

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Gajendra

Kumar

#resilient#breadwinner
Support Gajendra to purchase woods for making furniture.

Service Entrepreneur

Uttar Pradesh

30,000 has been disbursed

364 potential days of livelihood

16,005.2 is
the current outstanding balance

46.65 0 0 53.35 13995 0 0 16005

47%

0%

0%

53%


About Gajendra

Gajendra Kumar is a carpenter from Jhansi, Uttar Pradesh. He has dreamed of being self-sufficient since he was a child and his father gave him the skill and art of making furniture. With this loan, he will be able to purchase woods, which are the main raw materials used while making furniture, to make the product. Moreover, with the help of this loan, he hopes to enhance his carpentry skills so that he is able to raise the quality of his furniture. Support Gajendra as he supports his family!

About Gajendra Kumar's livelihood

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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