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Suresh

Kumar

Service Entrepreneur

Jhansi, Uttar Pradesh

318 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Suresh

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Suresh needs a loan to purchase electrical equipments and a tool box.

Service Entrepreneur

Uttar Pradesh

318 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Suresh

Suresh is a local resident of Jhansi, Uttar Pradesh and is the sole bread earner of his family. Suresh got into the business of repairing electrical appliances in order to keep up with the growing demand for repair works. Having worked for six years, Suresh wanted to purchase more tools and equipment like electrical appliances, electrical tubes, wire, and capacitors to enhance his business. With your support he would be able to purchase the necessary equipment he needs to keep up with demand and a growing business. Support Suresh to develop his business and provide amble income to his family.

About Suresh Kumar's livelihood

Suresh is a service entrepreneur who works 7 hours a day for 7 days a week. With this loan Suresh will potentially obtain employment for 318 days.

Interest Rate

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

Repair works

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