Arun is a resident of Jhansi, and he has successfully established his own medical shop there. He is known to be a dependable and reliable agent of unique and premium quality health products. Arun has an experience of two years in his field, and needs the loan to purchase medicines and decorate his medical shop. Arun is making great strides, but with your assistance, he can move mountains. Have your own share in promoting Arun's dream to become a successful businessman.
Arun is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Arun 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
3.20%
5.76% APR
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% 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
Others
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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