false
false 0 0 QmfM1iAz5G

Lakhanlal

Jha

logoService Entrepreneur

logo Niwadi, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Lakhanlal

Jha

#hardworking#dedicated
Support Lakhanlal to purchase essential items for his repair works.

logoService Entrepreneur

logo Niwadi, Madhya Pradesh

logo 50,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

12,499.97 is
the current outstanding balance

100 0 0 37500 0 0

100%

0%

0%


Lakhanlal Jha hails from Niwadi, Madhya Pradesh. He has been taking up repair work for several years now, and his work is spread across villages in the vicinity. His clients are very happy with his work and they often refer him to their friends and family. With the help of this loan, Lakhanlal Jha will be able to stock up on the essential items needed for his repair works and provide better quality services to his clients, further increasing his customer base. Invest in Lakhanlal to earn better!

I wish to become a famous, trusted mechanic in the city.

About Lakhanlal Jha's livelihood

Lakhanlal is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Lakhanlal will potentially obtain employment for 364 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

3.20%

5.76% 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

1.60%

2.88% 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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0