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Mahendra

Kushwaha

logoFood Entrepreneur

logo Niwadi, Madhya Pradesh

logo 40,000 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

Mahendra

Kushwaha

#Hardworking#Ambitious
Help Mahendra set up his shop and restock supplies.

logoFood Entrepreneur

logo Niwadi, Madhya Pradesh

logo 40,000 has been disbursed

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

13,327.12 is
the current outstanding balance

100 0 0 26673 0 0

100%

0%

0%


Mahendra has a good reputation in the locality as he is known for providing quality food to his customers. Over the past two years, he has built a faithful customer base and he uses the earnings to support his wife and two children. Now Mahendra is interested in setting up a shop of his own so that he can expand his business. You can help him acquire the necessary supplies to set up shop and continue to support his family with his honest labor.

To become a successful entrepreneur.

About Mahendra Kushwaha's livelihood

Mahendra is a food entrepreneur who works 8 hours a day for 7 days a week. With this loan Mahendra 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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Food stall

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