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Rakesh

Raikwar

Service Entrepreneur

Niwari, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Rakesh

Raikwar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Invest in Rakesh's construction business to buy more raw materials.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Rakesh

Rakesh Raikwar is the owner of a construction business providing services for many families. Being the breadwinner of a family of five, Rakesh is constantly on the lookout to increase his income and provide better for his family. With this loan, he will be able to purchase building materials for the construction work. His business will not only improve his income, but it will also provide employment to others. Invest in Rakesh's mission of creating comfortable places for many families to live in.

About Rakesh Raikwar's livelihood

Rakesh is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Rakesh 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. Rakesh Raikwar 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

Others

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