false
false 0 0 r74gC4m3vy

Surendra

Kumar

Food Entrepreneur

Jhansi, Uttar Pradesh

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Surendra

Kumar

#breadwinner#hardworking
Surendra Kumar needs a loan for buying raw materials for his food stall.

Food Entrepreneur

Uttar Pradesh

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Surendra

Surendra Kumar is married, and lives with his family in Jhansi. He runs a food stall in a popular market in Jhansi, and has been doing this for the past 10 years. Surendra Kumar is an enterprising man who understands that he needs to adapt to the changes in his business. With the change in seasons, he understands the need for changing his menu in the food stall and has made provisions to meet the increasing demands. Surendra Kumar is looking to borrow a loan to buy raw materials for his food stall. Invest in Surendra Kumar and help him to earn good profits from his food stall.

About Surendra Kumar's livelihood

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

Interest Rate

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

Food stall

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.

whatsapp_icon

3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS