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Mahendra Kumar

Kori

logoCreative Entrepreneur

logo Niwari, 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

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Mahendra Kumar

Kori

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

logoCreative Entrepreneur

logo Niwari, 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

19,996.55 is
the current outstanding balance

100 0 0 20003 0 0

100%

0%

0%


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!

I wish to open a big tailoring shop and employ more people.

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.

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

Embroidery

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