false
false 0 0 JtHpxldCcU

Sanjay

Kumar

logoService Entrepreneur

logo Mirzapur, Uttar Pradesh

logo 30,000 has been disbursed

logo 273 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Sanjay

Kumar

#ambitious#keen
Sanjay needs a loan to stock his mobile store.

logoService Entrepreneur

logo Mirzapur, Uttar Pradesh

logo 30,000 has been disbursed

logo 273 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

23,758.09 is
the current outstanding balance

41.61 8.39 50 6242 7500 1258

42%

50%

8%


Sanjay is a resident of Mirzapur, and nearly four years ago, he started a mobile store with a desire to make good money and improve the local state of his home, but this just wasn't enough. This loan will help him stock his mobile store with a supply of accessories like earphones, chargers, covers etc. The additional income produced by selling mobile phones will help him raise the living standard of his family, and make more money in the future.

I want to fulfil all the needs of my family.

About Sanjay Kumar's livelihood

Sanjay is a service entrepreneur who works 7 hours a day for 6 days a week. With this loan Sanjay will potentially obtain employment for 273 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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Professional services

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