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Pankaj

Kusawah

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Pankaj

Kusawah

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Pankaj wishes to purchase musical instruments.

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

24,970.28 is
the current outstanding balance

85.82 0 14.18 25030 4137 0

86%

14%

0%


Pankaj has been a young entrepreneur from Tikamgarh, Madhya Pradesh. He has been running a musical instruments store for more than six years now. His musical instruments have been in great demand for events across the town. He now wishes to expand his business by increasing his collection of instruments to meet his ever growing demand. He also wishes to purchase safety boxes to store his instrument and decoration materials for his store. This investment in his business will help him grow his business further.

I wish to turn my passion for music into a successful business.

About Pankaj Kusawah's livelihood

Pankaj is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Pankaj will potentially obtain employment for 312 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

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