false
false 0 0 axhF6JtVTA

Paramasivam

Jayasankar

Food Entrepreneur

Kancheepuram, Tamil Nadu

546 livelihood days

Borrower Image 1 Borrower Image 2

Paramasivam

Jayasankar

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

Food Entrepreneur

Tamil Nadu

546 potential days of livelihood

29,500 loan is fully repaid

29,500 loan is fully repaid


About Paramasivam

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Paramasivam Jayasankar has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

8.00%

14.40% APR

Platform
charges

0.00%

0.00% APR

Loan Details

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

Investee
occupation

Food stall

Investee Credit Rating:
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

Sustaintech India Private Limited
   
Partner logo

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS