Akhlesh Vishvkarma is a resident of Jhansi who has been running a mobiles and electronics shop. He is a hard-working person. He has been in the business for six years and is continuing to grow from strength to strength. Having started from scratch, he has managed to earn money for his family. This loan will be used for purchasing new stocks and decorative items for his store, which will attract more customers and earn him a considerable profit. Invest in him now!
Akhlesh is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Akhlesh will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Akhlesh Vishvkarma 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
₹ 30,000
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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