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Santosh

Kumar

Service Entrepreneur

Almora, Uttarakhand

455 livelihood days

Borrower Image 1 Borrower Image 2 Borrower Image 3

Santosh

Kumar

#ambitious# zeal
Santosh needs credit to expand his tailoring business.

Service Entrepreneur

Uttarakhand

455 potential days of livelihood

50,000 loan is fully repaid

50,000 loan is fully repaid


About Santosh

Santosh lives in Almora, Uttarakhand where he is an entrepreneur. He receives income from running a small tailoring store. He is looking to expand this business so that he can enhance his livelihood. He wishes to use this credit to purchase raw materials to tailor beautiful clothes. Invest in Santosh so that he can expand his business.

About Santosh Kumar's livelihood

Santosh is a service entrepreneur who works 10 hours a day for 7 days a week. With this loan Santosh will potentially obtain employment for 455 days.

Interest Rate

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

Loan Details

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

Others

Investee Credit Rating:
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

Udhyam Housed Under Agrani India Foundation
   view website
Partner logo

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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3

3000

3

Total: ₹3000

FUNDS

INDIVIDUALS