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Pawan Kumar

Nigam

Service Entrepreneur

Bahraich, Uttar Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Pawan Kumar

Nigam

#breadwinner#hardworking
Pawan needs raw materials for his wardrobe business.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Pawan Kumar

Pawan Kumar Nigam is currently running a successful business that makes wardrobes for people in the surrounding villages of Bahraich in Uttar Pradesh. Despite the growth of his business, Pawan needs a loan to buy raw materials like steel box sheets and use them in the making of the wardrobes that his clients want to purchase. With this loan, Pawan plans to produce a higher number of wardrobes than before, and generate profits that will allow him to support his family better. Invest in Pawan as he purchases raw materials and makes a higher number of wardrobes to profit from the demand in his area.

About Pawan Kumar Nigam's livelihood

Pawan Kumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Pawan 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. Pawan Kumar Nigam has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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