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Jitendr Kumar

Kori

Service Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

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Jitendr Kumar

Kori

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Jitendr Kumar to buy raw materials for his puncture shop.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Jitendr Kumar

Jitendr Kumar is a puncture shop owner from Tikamgarh and has been in this business for over six years. His customers are still limited to the local market, his monthly income is quite low but constant. His monthly income is not enough to support himself as well as his family. He is planning to replace old goods with new goods and expand his business. This loan will support him to buy raw materials such as puncture repair kits, tubes, tires, and tube sealant that he has been using to repair tires. To achieve his goal, he needs your support. With this, he will be able to provide him with better working conditions and help him to achieve his dream.

About Jitendr Kumar Kori's livelihood

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

20,000

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