false
false 0 0 ahb6l2BQwf

Shobhit

Nayak

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 390 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Shobhit

Nayak

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

logoService Entrepreneur

logo Tikamgarh, Madhya Pradesh

logo 50,000 has been disbursed

logo 390 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

16,680.96 is
the current outstanding balance

99.96 0 0.04 33319 14 0

100%

0%

0%


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!

I wish to purchase more computers and establish a big internet cafe.

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.

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

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