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Paramasivam

Jayasankar

logoFood Entrepreneur

logo Kancheepuram, Tamil Nadu

logo 546 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Paramasivam

Jayasankar

#passionate#achiever
Support Paramasivam's plan to use biomass stove in his restaurant.

logoFood Entrepreneur

logo Kancheepuram, Tamil Nadu

logo 546 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

29,500 loan is fully repaid

29,500 loan is fully repaid


Paramasivam Jayasankar is running a small, but a successful restaurant in the district of Kancheepuram that requires a significant investment. He serves delicious and mouth-watering foods to all his customers. This is the major source of income for his family of four. He is looking to expand the business' clientele by switching from a conventional stove to a biomass one, which will help him save money on his monthly utility bills. This stove is more efficient and will reduce the fuel used in cooking. He needs a loan to buy this stove to expand his business and serve more customers. Invest in Paramasivam's business of running a restaurant and serving more customers daily.

I wish to serve food at a very affordable price for everyone.

About Paramasivam Jayasankar 's livelihood

Paramasivam is a food entrepreneur who works 12 hours a day for 7 days a week. With this loan Paramasivam will potentially obtain employment for 546 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

8.00%

14.40% APR

Impact
Partner The rate of return an impact partner makes

up to 0.00%

0.00% APR

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

0.00%

0.00% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

29,500

Loan
tenure

4 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

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.

Sustaintech India Private Limited
   

Established in

2009

With Rang De from

2022

Founded by

Svati Bhogle

Sustaintech mission is to promote rapid adoption of sutainable energy related technologies and products-primarily fuel-efficient commercial cook stoves.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0