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Pramod

Kumar

Service Entrepreneur

Basti, Uttar Pradesh

390 livelihood days

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Pramod

Kumar

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

Service Entrepreneur

Uttar Pradesh

390 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Pramod

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.

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.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Pramod Kumar 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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Professional 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