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Manoj Kumar

Sharma

Service Entrepreneur

Basti, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Manoj Kumar

Sharma

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Manoj needs credit to purchase an E-Rickshaw and improve his income.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Manoj Kumar

Manoj Kumar Sharma has four members in his family. He has been a rickshaw driver for the past two years. His family has been facing hardships due to his inability to secure a better income. Currently, Manoj is looking to improve his income through a more secure business by purchasing an E-Rickshaw. Invest in Manoj and help him purchase his own e-rickshaw. With better and affordable maintenance costs and low running expenses for his E-Rickshaw, Manoj will be able to make a decent income to support his family.

About Manoj Kumar Sharma's livelihood

Manoj Kumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Manoj 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. Manoj Kumar Sharma 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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