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Jitendra

Service Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Jitendra

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Jitendra to purchase raw materials for his carpentry business.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Jitendra

Jitendra is a hard-working person and pride to his family. Jitendra has worked as a carpenter, developing skills that he has been using to work and earn an income. With the assistance of this loan, Jitendra can continue to provide and build a future for his family. He will purchase raw materials for his business so that he can take more orders from his customers. He aims to take his business to a higher level and provide a better future for his family. Let's be a part of Jitendra's dream to improve his business, and see his income grow.

About Jitendra 's livelihood

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

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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