₹ 4,165.75 is
the current outstanding balance
100%
0%
0%
Aniruddh Chaurasiya lives in the district of Basti in Uttar Pradesh and has been working in the industry of embroidery for the past ten years. He has always been successful in his business. However, he is currently looking for a loan to purchase the raw materials for his business. Due to the high demand for Aniruddh's products in Basti, he is looking to invest more in his business and expand his clientele. It's time to invest in Aniruddh!
Aniruddh is a creative entrepreneur who works 8 hours a day for 7 days a week. With this loan Aniruddh 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.
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
4.80%
8.64% APR
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
0.00%
-0.00% 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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