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Suresh Kumar

Srivastava

logoService Entrepreneur

logo Niwari, Madhya Pradesh

logo 50,000 has been disbursed

logo 312 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

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Suresh Kumar

Srivastava

#breadwinner#hardworking
Suresh wishes to avail a loan to grow his computer and printing business.

logoService Entrepreneur

logo Niwari, Madhya Pradesh

logo 50,000 has been disbursed

logo 312 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

7,334.74 is
the current outstanding balance

100 0 0 42665 0 0

100%

0%

0%


Suresh's dream is to educate his children and provide them with a higher standard of living. To make that dream a reality, he needs more income. By acquiring a loan and expanding his business, Suresh will be able to ensure his family's welfare. He will be able to purchase an additional computer for his store and help his customers by providing them with internet assistance and printing services. With your assistance, he will achieve his goal and make his family's dreams come true.

My dream is to enjoy a secure future with my family.

About Suresh Kumar Srivastava's livelihood

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