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Shobhit

Nayak

Service Entrepreneur

Tikamgarh, Madhya Pradesh

390 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Shobhit

Nayak

#ambitious#positive
Shobhit needs credit to expand his internet services center.

Service Entrepreneur

Madhya Pradesh

390 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Shobhit

Shobhit is an enterprising young man who started an internet services center in his hometown in Tikamgarh, Madhya Pradesh. He needs some credit to increase his work efficiency and do more work for the benefit of the customers. He will purchase essential materials and equipment for the center and deliver a variety of services to his customers. With the expansion, the internet service center will add to the welfare of the customer, they get their work done quickly and save time, energy, and money. With a greater number of customers, the business will be fruitful and profitable. Invest in Shobhit now!

About Shobhit Nayak's livelihood

Shobhit is a service entrepreneur who works 10 hours a day for 6 days a week. With this loan Shobhit will potentially obtain employment for 390 days.

Interest Rate

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

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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS