false
false 0 0 hiDHDRsWjp

Ritik

Kumar

Service Entrepreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Ritik

Kumar

#courageous#ambitious
Support Ritik to purchase another computer and printer for his internet cafe.

Service Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Ritik

Ritik is a passionate man and is quite popular with his customers. The owner of an internet cafe in Jhansi, he only purchases the best equipment and ensures you're completely satisfied with the service his business provides. He's requesting your support to purchase a second computer and printer to assist his customers with their work. With his passion and drive, Ritik will continue to offer the best services to those who frequent his cafe. With their help, Ritik will be able to continue providing quality services for all of his patrons. Invest in Ritik to expand his business!

About Ritik Kumar's livelihood

Ritik is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Ritik will potentially obtain employment for 455 days.

Interest Rate

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

Professional services

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS