Yogesh lives in Bageshwar, Uttarakhand with his mother. He has been running a photography business for the past twelve years to earn bread for his small family. He works really hard at his job and dreams of owning a big photo studio one day. He is seeking a loan to invest in expansion of his business by adding a photostat machine. He wishes to grow his shop to own a photo studio in the future. Invest in Yogesh as he nurtures his business.
Yogesh is a service entrepreneur who works 12 hours a day for 7 days a week. With this loan Yogesh will potentially obtain employment for 546 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Yogesh Lohani has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 50,000
Loan
tenure
24 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Professional services
Established in
2017
With Rang De from
2020
Founded by
Pankaj Wadhwa
Udhyam Entrepreneurs' rural entrepreneurship program was conceived by the people working in Uttarakhand to encourage entrepreneurial development in rural communities of the Kumaon region of Uttarakhand. The idea behind the “Changemakers” program is to create entrepreneurs who create jobs and opportunities through mentoring and providing credit. As change agents, they facilitate this idea by being the drivers of change, further in their communities by creating a buzz about entrepreneurship and role models in the community.
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