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Rajkumar

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 25,000 has been disbursed

logo 364 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Rajkumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Rajkumar to buy essential equipment for his motor repairing shop.

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 25,000 has been disbursed

logo 364 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

14,583.3 is
the current outstanding balance

100 0 0 10417 0 0

100%

0%

0%


Rajkumar is one such man who can repair all household appliances be it a fridge or a mixer. When there are issues with the machines, the owner visits Rajkumar to get the job done. He has been on this path of repairing machines for more than nine years now. The loan he is seeking will support him purchase a few new tools, as some of his tools have become unusable due to wear and tear, and buying new tools is the only possible option. With these new tools Rajkumar will guarantee quality services to the customers who visit his shop for repair. Support Rajkumar and his business to grow!

I wish to give a good future to my children.

About Rajkumar 's livelihood

Rajkumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Rajkumar will potentially obtain employment for 364 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

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Repair works

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