Aarti Gupta is from Uttar Pradesh and lives with her family of five there. She has been running a beauty parlor for over three years along with a small stitching unit. She requires some credit to expand her business and enhance her income. She will use the credit to purchase a few essential items such as a counter, chair, mirror, hair kit, and facial kit, and a stitching machine. This expansion will enable her to attract more customers and enhance her income. Support Aarti today!
Aarti is a beautypreneur who works 7 hours a day for 6 days a week. With this loan Aarti will potentially obtain employment for 273 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Aarti Gupta has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
3.20%
5.76% APR
Platform
charges
4.80%
8.64% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Beauty parlour
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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