false
false 0 0 ZRmqqdAZhw

Kamlesh

logoService Entrepreneur

logo Lakhimpur, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Kamlesh

#determined#courageous
Enable Kamlesh to purchase more automobile parts to his repair shop.

logoService Entrepreneur

logo Lakhimpur, Uttar Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

41,666.5 is
the current outstanding balance

100 0 0 8334 0 0

100%

0%

0%


Kamlesh is a local resident of Lakhimpur. He lives with his family of three members who have a hard time making ends meet as he earns a small income by running a repair shop. He wants to expand his repair shop and is in need of a loan so that he can purchase more automobile parts and tools. He is looking to be able to purchase additional bike parts, motorcycle parts, and essential tools. Invest in Kamlesh and his efforts to expand his business.

I wish to expand my repair shop.

About Kamlesh 's livelihood

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

4.80%

8.64% 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

0.00%

-0.00% 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

Repair works

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0