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Rajkumar

Service Entrepreneur

Jhansi, Uttar Pradesh

364 livelihood days

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Rajkumar

#hustler#dedicated
Rajkumar needs a loan to purchase raw materials for construction.

Service Entrepreneur

Uttar Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rajkumar

Rajkumar has been involved in the construction business for the past fifteen years and is well known in the district of Jhansi. Due to his hard work and determination, Rajkumar has managed to prosper in the construction business. He is now looking to purchase raw materials for his next projects and needs a loan for the same. With the money, he will purchase raw materials such as cement, sand, wood, and bricks and complete his project on time. With the profits he'll earn from this project, he plans to explore better opportunities. Support him by investing in his business!

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Construction

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