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Rajkumar

Ahirwar

Service Entrepreneur

Niwadi, Madhya Pradesh

40,000 has been disbursed

364 livelihood days

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Rajkumar

Ahirwar

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Rajkumar needs a loan to set up his electric repair shop.

Service Entrepreneur

Madhya Pradesh

40,000 has been disbursed

364 potential days of livelihood

4,815.3 is
the current outstanding balance

87.96 0 0 12.04 35185 0 0 4815

88%

0%

0%

12%


About Rajkumar

Rajkumar Ahirwar is a resident of Niwadi who likes to fix electrical appliances. He has been doing this work for the past three years. This experience deepened his resolve to take up the business to new heights. With this loan, he will be able to purchase necessary repair equipment and get his shop ready for business. Invest in his business as it has the potential to grow into a long-term, flourishing business. Your Investment is what Rajkumar needs to make his dreams come into fruition.

About Rajkumar Ahirwar'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 Ahirwar 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

40,000

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