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Kapil

Kumar

Service Entrepreneur

Pawal, Haryana

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Kapil

Kumar

#hardworking#gogetter
Invest in Kapil to get raw materials for his leather repairing shop.

Service Entrepreneur

Haryana

409 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Kapil

Kapil is a leather repairer and is an expert in his work. He is a resident of Palwal, Haryana. He has three years of experience in working with leather and makes a good living doing his job. The earnings from this business are used to support his family and meet their daily needs. He makes leather products like bags, wallets, etc. He has decided to buy raw materials to expand his business and would like to earn more money. He will invest in decorating his shop as well. His work is appreciated by everyone. Help him grow his business and earn a solid income.

About Kapil Kumar's livelihood

Kapil is a service entrepreneur who works 9 hours a day for 7 days a week. With this loan Kapil will potentially obtain employment for 409 days.

Interest Rate

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

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