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Kiran

Kumar

Service Entrepreneur

Jhajjar, Haryana

50,000 has been disbursed

409 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Kiran

Kumar

#breadwinner# hardworking
Kiran needs credit to buy grinder and binding machine.

Service Entrepreneur

Haryana

50,000 has been disbursed

409 potential days of livelihood

23,020.74 is
the current outstanding balance

53.96 0 0 46.04 26979 0 0 23021

54%

0%

0%

46%


About Kiran

An experienced and expert technician by profession, Kiran Kumar is a man of words and always delivers results. Kiran Kumar owns a repair shop in Jhajjar, where he is responsible for ensuring that products delivered to customers are repaired properly and are operating well. An expert repairman, Kiran ensures that he delivers on promises and always gives customers the best products. Kiran operates his business from his residence and he is now looking to expand his business. Kiran is seeking a loan to purchase a motor binding and grinder for his repair shop. These tools will help him in doing his job faster and increase his productivity, taking his business to new levels. A social business leader like you can help him by by providing a small loan to purchase these tools. Invest in Kiran's profile today!

About Kiran Kumar's livelihood

Kiran is a service entrepreneur who works 9 hours a day for 7 days a week. With this loan Kiran 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. Kiran 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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS