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Vikas Kumar

Saroj

logoService Entrepreneur

logo Sant ravi das nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 195 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img b-img

Vikas Kumar

Saroj

#positive#believer
Invest in Vikas to purchase a loader for his transport services business.

logoService Entrepreneur

logo Sant ravi das nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 195 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

24,999.98 is
the current outstanding balance

85.71 0 14.29 25000 4167 0

86%

14%

0%


Vikas is a resident of Sant Ravi Das Nagar, a hard-working man who runs transport services. His overall income is generated by the income he earns from transporting goods with his pickup. He is requesting a loan to buy a new loader in order to maximize his income and help him in generating higher revenue. In his present position, he has shown himself to be an industrious, responsible, and trustworthy individual. Please invest in him to help him build a brighter future for his children by helping him with the loan for the purchase of the new loader.

I wish to own more vehicles and expand my transport business.

About Vikas Kumar Saroj's livelihood

Vikas Kumar is a service entrepreneur who works 5 hours a day for 6 days a week. With this loan Vikas Kumar will potentially obtain employment for 195 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

Transport 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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0