false
false 0 0 jouZY5gpXM

Pramod

Kumar

logoFood Entrepreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 637 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
Pramod is keen to expand his food stall.

logoFood Entrepreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

logo 637 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,333.32 is
the current outstanding balance

100 0 0 16667 0 0

100%

0%

0%


Pramod Kumar is the owner of a small food stall that operates on a roadside in Jhansi. He is involved in the business of selling local delicacies to travelers and locals alike. He has been running his food stall for the past five years and is looking to expand his business further by serving more food items. He needs a loan to purchase the essential raw materials required. Invest in Pramod as he is able to reach a larger population in need of his food items.

I wish to become a successful entrepreneur.

About Pramod Kumar's livelihood

Pramod is a food entrepreneur who works 14 hours a day for 7 days a week. With this loan Pramod will potentially obtain employment for 637 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

Food stall

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