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Rajkumar

Service Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Rajkumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Rajkumar needs to purchase essential equipment for his automobile repair shop.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

25,000 loan is fully repaid

25,000 loan is fully repaid


About Rajkumar

Rajkumar, a garage mechanic, has over three years of experience in repairing automobiles. He repairs bicycles, scooters, etc., and has won the trust of his neighbours and other customers with his hard work and determination. He will use the loan to purchase essential items required to run the workshop efficiently, like, tools, equipment and hardware, tire, and engines. This will enable him to repair more vehicles on time and enhance his income as well. Rajkumar vows to be a great businessman and use the income from his business to take care of his family. Support him now!

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.

Interest Rate

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

25,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Repair works

Investee Credit Rating:
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