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Jamal Uddin

Khan

logoService Entrepreneur

logo Niwari, Madhya 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

Jamal Uddin

Khan

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

logoService Entrepreneur

logo Niwari, Madhya 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

12,390.58 is
the current outstanding balance

100 0 0 17609 0 0

100%

0%

0%


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.

I wish to enjoy a secure future with my family.

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.

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

Repair works

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