false
false 0 0 f5RQHB3H4T

Gajendra

Kumar

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 30,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Gajendra

Kumar

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

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 30,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

30,000 is
the current outstanding balance

0 66.67 33.33 0 7500 15000

0%

33%

67%


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!

I wish to start an outlet to sell my furniture.

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.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays The rate of interest charged to the investee

8.00% flat p.a.

14.40% APR

Social
Investor The rate of return an investor makes

3.20%

5.76% APR

Impact
Partner The rate of return an impact partner makes

up to 3.20%

5.76% APR

Platform
charges The charges, the platform incurs by offering it's services

1.60%

2.88% APR

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 Equated Monthly Instalment

Investee
occupation

Others

The credit rating of the investee is arrived at by using a proprietary algorithm that factors in the investee’s credit score and the performance rating of the Impact Partner.

Indian Micro Enterprises Development Foundation
   view website

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

Your Investees

Total Lives Impacted

0

Days of Livelihood

0