false
false 0 0 WQlxAJaCVw

Mahendra

Jha

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mahendra

Jha

#hardworking# gogetter
Invest in Mahendra's repair shop and support him purchase new machinery.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Mahendra

Mahendra Jha is a repair shop owner in Niwari, Madhya Pradesh. For the past three years, he's been running this business to contribute to his family. The income that Mahendra generates from the shop takes a chunk out of his profits every week to provide for his family. He hopes to invest in a few new machines that'll provide him with a better income in the future. As a result, he's looking to avail a loan to purchase these machines that'll allow him to advance in his career. Invest in Mahendra Jha today!

About Mahendra Jha's livelihood

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

Interest Rate

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

20,000

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