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Vikas

Jha

Service Entrepreneur

Tikamgarh, Madhya Pradesh

364 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Vikas

Jha

#strength#breadwinner
Support Vikas to purchase necessary materials for his repair shop.

Service Entrepreneur

Madhya Pradesh

364 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Vikas

Vikas is a man with a great sense of purpose and a determination to achieve his goals. Vikas is a resident of Tikamgarh, and has a repair works business back home. Vikas buys materials for his business from the market which he often gets on credit so that he can resell them at a profit. With your assistance, he will be able to stock his shop with the necessary materials for his repair shop. This will help him generate more income and add to his family's prosperity. Stand by him and support him to achieve this goal.

About Vikas Jha's livelihood

Vikas is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Vikas will potentially obtain employment for 364 days.

Interest Rate

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