false
false 0 0 klam8Lx1D1

Jitendra

Sutrkar

logoCreative Entrepreneur

logo Niwari, Madhya Pradesh

logo 50,000 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

Jitendra

Sutrkar

#ambitious#passionate
Support Jitendra to purchase a sewing machine and essential items for his tailoring shop.

logoCreative Entrepreneur

logo Niwari, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

11,596.34 is
the current outstanding balance

100 0 0 38404 0 0

100%

0%

0%


Jitendra is a tailoring entrepreneur who has been working in the field for the past four years. Jitendra is an experienced, capable tailor who already has his shop in Niwari. With this loan, Jitendra will be able to purchase a new sewing machine and other essential items to expand his own business. He will also be able to continue his hard work; he hopes to save enough to buy a house. Have your share in supporting Jitendra develop himself and improve his living standards by contributing towards his mission of becoming a self-sufficient person.

I wish to employ people in my tailoring shop.

About Jitendra Sutrkar's livelihood

Jitendra is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Jitendra 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Embroidery

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