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Suresh

Service Entrepreneur

Niwari, Madhya Pradesh

312 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Suresh

#breadwinner#hardworking
Suresh needs a loan to upscale his brick business.

Service Entrepreneur

Madhya Pradesh

312 potential days of livelihood

30,000 loan is fully repaid

30,000 loan is fully repaid


About Suresh

Suresh is a hard-working man who has been in the brick business for 2 years now. Up until now, he has sold bricks by going door to door, his weekly earnings are solely dependent on the weather and if he can sell enough bricks. Suresh's family of 5 is highly dependent on him, they depend on his income to buy groceries and other household needs. With this loan, he will be able to buy raw materials like clay and sand and then sell bricks in bulk at the market. He will have a more regular and reliable income, and his family will no longer worry about how to manage the next meal.

About Suresh 's livelihood

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

Interest Rate

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

30,000

Loan
tenure

12 months

Moratorium

None

Repayment
mode

EMI

Investee
occupation

Others

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