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Sanjeev Kumar

Kori

logoService Entrepreneur

logo Niwari, Madhya Pradesh

logo 20,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Sanjeev Kumar

Kori

#go-getter#hustler
Invest in Sanjeev to renovate his mechanical shop and purchase raw materials.

logoService Entrepreneur

logo Niwari, Madhya Pradesh

logo 20,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

3,333.3 is
the current outstanding balance

100 0 0 16667 0 0

100%

0%

0%


Sanjeev is a mechanical store owner living in Niwari. With his shop in dire need of renovation and the lacking of raw materials, he was unable to grow his business. Your loan will allow him to renovate his shop and purchase raw materials to keep his business functioning. Sanjeev enjoys working with machinery, but his business has been lacking in the basic tools and equipment needed to improve his business. With your support, he will be able to complete the necessary renovations on his store and purchase the raw materials needed to keep his business functioning. Sanjeev knows how to get his business back on track, so with a little support from you, he can keep his store open and continue to provide the best service to his customers.

I wish to enjoy a secure future with my family.

About Sanjeev Kumar Kori's livelihood

Sanjeev Kumar is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Sanjeev Kumar will potentially obtain employment for 312 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

20,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Repair works

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