Abhishek has been running a retail store for the past four years, and due to his hard work, he has grown his business. Abhishek is looking for a loan now to expand his business further by purchasing package food items from wholesale agents in the market. Invest in Abhishek as he expands his retail business and purchases additional stocks and inventory for his new shop
Abhishek is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Abhishek will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Abhishek Saxena has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Platform
charges
3.20%
5.76% 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
Investee
occupation
Retail store
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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