Afsana Begum has been in this line of work for a long time. She has experience in not only stitching clothes but also in embroidery work. She has been running her own business for many years. Afsana is a hard-working woman; her passion for her work inspires her to look for newer methods to achieve greater success. She has never faced financial problems and is very confident about paying off the loan. She aspires to do more. Will you help her achieve her goals?
Afsana is a creative entrepreneur who works 7 hours a day for 7 days a week. With this loan Afsana will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Afsana Begam 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Embroidery
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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