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Mohammadiqbal Shaikh

#provider# familyman
Mohammad Iqbal needs a loan to repair his auto rickshaw.

Service Entrepreneur

Ahmedabad, Gujarat

15,000 has been disbursed

7,500 is the current outstanding balance

92.31 0 7.69 7500 625 0

92%

8%

0%


Mohammad Iqbal is an auto-rickshaw driver. He lives with his family and is from Ahmedabad, Gujarat. He is the sole earner for his family and the lockdown has put him in a difficult situation as he has not been able to bring income daily. His auto-rickshaw has broken down and requires repair. With his savings having slowly depleted, he needs credit to get his auto repaired. Invest in Mohammad Iqbal as he overcomes these difficult times.

I wish to provide a better future for my family.
The interest rate charged is split into returns for the social investor and charges incurred by the platform.

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

15,000

Loan
tenure

24 months

Moratorium

None

Repayment
mode

EMI i

Investee
occupation

Others

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Loan
Profile i

A

Financial
Profile i

B

Referred by Ajaz Sheikh
About me

I am Ajaz, a PhD student at Gujarat University. My work and research cover de-addiction. I am actively collaborating with different tiers of the Ahmedabad Police around this theme. During the lockdown, with other collaborators, I worked towards providing immediate relief with food, rations and now livelihoods to vulnerable populations around me.

Why I am referring Mohammadiqbal Shaikh

I have known Mohammad Iqbal for several years. He is our family friend and I address him as my uncle. He drives an auto rickshaw to make a living. During this lockdown, it was tough for him to make an earning. He had no other choice than to tap into his savings until things got better. Unfortunately, his auto rickshaw had also broken down. Now, he needs credit to kickstart his auto, and his life again. I believe a little support can go a long way to help his family to get financially stable. With help of this loan, he will be able to repair his auto, while also building a credit score that will improve his prospects to seek an institutional loan in the future as well.

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