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Uttam

Kumar

Food Entrepreneur

Lakhimpur Kheri, Uttar Pradesh

637 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3 Borrower Image 4

Uttam

Kumar

#Hard Worker
Uttam Kumar needs credit assistance to expand his food stall.

Food Entrepreneur

Uttar Pradesh

637 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Uttam

Uttam Kumar is a hard-working man who runs a food stall in Lakhimpur Kheri. He has been running the stall for the last 15 years and earns enough to provide for his family. The stall is where he stores his confectionery items and which earns him a good deal of profit. He's looking to raise a loan to buy new benches and grocery items and confectionary items. He also wanted to venture new food varieties like Chineese, South Indian etc., to attract more customers and also to meet the demand of the existing customers. More customers will result in more income. Invest in Uttam Kumar to help him expand his food store.

About Uttam Kumar's livelihood

Uttam is a food entrepreneur who works 14 hours a day for 7 days a week. With this loan Uttam will potentially obtain employment for 637 days.

Interest Rate

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Uttam Kumar has consented to pay the interest as below:

Investee
pays

8.00% flat p.a.

14.40% APR

Social
Investor

4.80%

8.64% APR

Platform
charges

3.20%

5.76% 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 store

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