false
false 0 0 Qslbv4SBxG

Mithun Kumar

Sen

Creative Entrepreneur

Niwari, Madhya Pradesh

234 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Mithun Kumar

Sen

#breadwinner#hardworking
Support Mithun to purchase cloth materials and essential items for his tailoring shop.

Creative Entrepreneur

Madhya Pradesh

234 potential days of livelihood

20,000 loan is fully repaid

20,000 loan is fully repaid


About Mithun Kumar

Mithun has been a tailor for years. Despite his impressive experience and expertise in this profession, he is unable to accumulate a comfortable surplus and as such, he is denied the dignity of improving his business. This is why Mithun is requesting a small loan to purchase cloth materials and other essential items required for tailoring. He also plans to decorate his shop. If Mithun is assisted with a loan, the business will be expanded to reach the outlying places of the village and this step would help him to move closer to the success he so desires. Invest in Mithun!

About Mithun Kumar Sen's livelihood

Mithun Kumar is a creative entrepreneur who works 6 hours a day for 6 days a week. With this loan Mithun Kumar will potentially obtain employment for 234 days.

Interest Rate

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

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS