false
false 0 0 5XP2McoEZF

Santosh

Ahirwar

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 455 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Santosh

Ahirwar

#breadwinner#hardworking
Santosh needs a loan to upscale his cement business.

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 455 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

24,958.96 is
the current outstanding balance

100 0 0 25041 0 0

100%

0%

0%


Santosh is a contractor who sells cement. He is a resident of the Tikamgarh District. Santosh is a young energetic person and has a very strong desire to do something in his life. He sells cement to the construction workers in Tikamgarh. However, he cannot buy cement in bulk. Santosh needs a loan to buy cement in large quantities. This will enable him to take big orders and earn a profit and be able to fulfill his family's needs. He is very confident about his business and his ability to pay back the loan.

I want to own a cement factory.

About Santosh Ahirwar 's livelihood

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

50,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI Equated Monthly Instalment

Investee
occupation

Others

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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0