false
false 0 0 MDHTw4sB86

Pramod

Kumar

logoService Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 390 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Pramod

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Pramod to purchase appliances for his store.

logoService Entrepreneur

logo Basti, Uttar Pradesh

logo 50,000 has been disbursed

logo 390 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

29,212.35 is
the current outstanding balance

100 0 0 20788 0 0

100%

0%

0%


Pramod Kumar, who lives in a village in Basti, has been working as a professional service provider for the past eight years. He offers internet services to the people and has a good customer base. With a dream of driving his business more effectively and using the tools that will help him to achieve success, a laptop, printer, and lamination machine is one of his critical requirements. His dream, if fulfilled, will lead to an increase in the number of jobs that he can do and the services he can provide. The benefits of these will benefit his family and him greatly. With the opportunities that these tools will offer him, Pramod hopes to expand his business and relocate to a bigger house. Invest in Pramod and his dreams.

I wish to renovate my internet services center and scale up the operations.

About Pramod Kumar's livelihood

Pramod is a service entrepreneur who works 10 hours a day for 6 days a week. With this loan Pramod will potentially obtain employment for 390 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

Professional services

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.

whatsapp_icon

3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0