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Rajkumar

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

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

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Rajkumar

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

logoService Entrepreneur

logo Jhansi, Uttar Pradesh

logo 50,000 has been disbursed

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

33,335.12 is
the current outstanding balance

99.99 0 0 16665 0 0

100%

0%

0%


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!

I wish to become a successful entrepreneur.

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Construction

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