Ajay Bind lives in Mirzapur with his family and runs a small scale apparel store for the past five years. Currently, he is in need of some funds to buy more stock for his store. He plans to purchase more jeans and t-shirts and meet his customers' demands. This will increase his earnings and enable him to meet his family's requirements on time. This expansion will take him closer to his dream of opening a big apparel store in the city. Invest in Ajay and his apparel store today!
Ajay is a retailpreneur who works 7 hours a day for 6 days a week. With this loan Ajay 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. Ajay Bind 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
Apparel 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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