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Mukesh

Vishwakarma

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

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Mukesh

Vishwakarma

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Mukesh to repair his auto rickshaw.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Mukesh

Mukesh Vishwakarma is an auto-rickshaw driver who has been running his own business regularly for the past five years in the district of Niwari. He works very hard to make sure he can raise a good income and is able to support himself and his family. Over the past few months, his auto rickshaw has been having problems and is in dire need of repair. This auto rickshaw is critical to Mukesh's business and in order to fix it, he'll require a loan. With the repairs on his auto rickshaw completed, Mukesh can run it well and increase his income and support his family by working harder than ever before. Invest in Mukesh's auto rickshaw so that he can walk towards a more prosperous future.

About Mukesh Vishwakarma's livelihood

Mukesh is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Mukesh 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. Mukesh Vishwakarma 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Transport services

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