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Jamana

Prasad

Service Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Jamana

Prasad

#Hardworking#noble
Jamana wants to purchase bicycles & spare parts for his shop.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Jamana

Jamana Prasad is the head of a family of five members which includes his wife and four children who all live in abject poverty. He is a constant worker, who works hard to provide for his family. He makes a living from repairing bicycles and is a very efficient worker. He has been in the repair business for the past three years and is a very passionate individual. His business has grown to a point where he has an eye on purchasing additional bicycles as well as other equipment to repair these bicycles, and is seeking a loan to do so. Enable Jamana to purchase new bicycles and other tools by which he can upscale his business.

About Jamana Prasad's livelihood

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