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Mahendra Kumar

Kori

Creative Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mahendra Kumar

Kori

#hardworking#determined
Mahendra Kumar needs credit to buy clothes for his tailoring work.

Creative Entrepreneur

Madhya Pradesh

364 potential days of livelihood

40,000 loan is fully repaid

40,000 loan is fully repaid


About Mahendra Kumar

Mahendra Kumar has been in the embroidery business for the last six years. He learned this work from his father and has been working independently for the last six years. He currently takes orders from the local people and stitches clothes for them and he also purchases cloth materials in bulk and makes dresses out of them. Mahendra works hard to fulfill the orders of his customers and their trust in him is the best feeling for him. Now, he requires a loan to purchase a few cloth materials for stitching. This will help him enhance his income and increase the customer base. Support him now!

About Mahendra Kumar Kori's livelihood

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

40,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Embroidery

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