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Kajli

Devi

Service Entrepreneur

Kishan Ganj, Bihar

455 livelihood days

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Kajli

Devi

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Kajli Devi needs credit to purchase battery and repair her e-rickshaw.

Service Entrepreneur

Bihar

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Kajli

Kajli Devi is an experienced e-rickshaw driver and the breadwinner of her family of five. Echoing the aspirations of many other women in her community, Kajli Devi hopes to own more e-rickshaws and expand her transport services. She has been operating her own transport business for the past two years. She makes a sizeable income from driving e-rickshaws. However, her business is not yet at the level where she can provide a secure future for her family. Currently, she needs a loan to purchase a battery and repair her e-rickshaw to run it better. This will make her vehicle more efficient. Invest in Kajli Devi as she not only continues operating her transport business but also expands her line of work.

About Kajli Devi's livelihood

Kajli is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Kajli will potentially obtain employment for 455 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Kajli Devi 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Transport services

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