N.Ajay Kumar

N.Ajay Kumar  Andhra Pradesh,  India

Mr. Ajay kumar is a committed entrepreneur who runs a small hostel - "Shanmuka Boys PG Hostel" near Bapatla Engineering College, accommodating about 20 students.  He is currently using LPG cylinders in the kitchen of his hostel, which is amounting to 70%-80% of overall operational expenses of the kitchen. By using Sustaintech's environment friendly cookstoves, specifically the 3*2 16mm Tava, he will start using biomass for cooking, which in turn will result in savings of Rs.5000/month. He plans to use these savings by reinvesting in additional infrastructure for his hostel, thereby increasing accommodation space and expanding his business.

Requires Rs. 19,875

at a max interest rate of 7.5% for buying energy efficient cook stove

FUNDED Rs. 19,875NEED Rs.0

100%
Loan Amount is Fullfilled 

LOAN DETAILS

Loan Amount Rs. 19,875Investor Returns7.5% Rs. 4,050
Repayment ModeNGO Fee *5.00% Rs. 51
No of Installments5MicroGraam Fee **1.00% Rs. 199
Total Cost to Borrower ***12.5%
* This amount includes principal amount
** Fees paid as part of first instalment
*** Annual Percentage Rate

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PARTNER DETAILS

Partner NameSustainTech
LocationMadurai,Tamilnadu
Contact PersonS. Peter
Repayment Rate99.9%
Area Of FocusRenewable Energy
Website
www.sustaintech.in

OTHER BORROWERS

No borrowers from the same partner

Repayments

DateAmount(INR)
10 Sep,2016 Rs. 4,101
10 Oct,2016 Rs. 4,101
10 Nov,2016 Rs. 4,101
10 Dec,2016 Rs. 4,101
10 Jan,2017 Rs. 1,206