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Jamal Uddin

Khan

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Jamal Uddin

Khan

#breadwinner#hardworking
Jamal needs credit to expand his automobile repair store.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Jamal Uddin

Jamal Uddin Khan is a resident of Niwari, Madhya Pradesh. Jamal is an owner of an automobile repair store who wants to expand his business. Currently he works on repairing people's automobiles and earning a handsome income. To expand his business, he is looking for a loan to buy necessary tools, equipment and parts. This loan will help him repair more vehicles, earn more money and support his family and pay for his children's education. In this way, Jamal will become a successful business person, a good father and a contributor in development of his village.

About Jamal Uddin Khan's livelihood

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

Repair works

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