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Virendra

Kumar

logoService Entrepreneur

logo Sant Ravidas Nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 409 livelihood days Number of days of productive livelihood activity that this loan will potentially facilitate

b-img b-img b-img

Virendra

Kumar

##developmentalternatives #inclusiveentrepreneurship #JobsWeMake #microenterprises
Support Virendra Kumar to purchase medicines and racks for his clinic.

logoService Entrepreneur

logo Sant Ravidas Nagar, Uttar Pradesh

logo 50,000 has been disbursed

logo 409 potential days of livelihood Number of days of productive livelihood activity that this loan will potentially facilitate

33,158.01 is
the current outstanding balance

100 0 0 16842 0 0

100%

0%

0%


Virendra Kumar runs a clinic that offers medical and professional services to the people in his neighbourhood. After having worked for more than three years in his clinic, he wishes to meet all the current needs of his customers. To expand the business, he needs a loan to purchase medicines and a few racks to keep his medicines neatly. He also wishes to make his clients happy by renovating his clinic in the near future. Support Virendra Kumar to run his clinic successfully!

I wish to renovate my clinic to make it more spacious.

About Virendra Kumar's livelihood

Virendra is a service entrepreneur who works 9 hours a day for 7 days a week. With this loan Virendra will potentially obtain employment for 409 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.

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3

3000

3

Total: ₹3000

Your Investees

Total Lives Impacted

0

Days of Livelihood

0