Asha Sharma is a hard-working woman. She has been in the apparel business for one year. After a lot of struggle, she managed to get an independent space for her shop. This loan will help her to expand her product range and buy more clothes at wholesale prices. During the festive season, she can sell clothes more easily due to increased demand. Asha hopes to push the boundaries of her income by setting up a well-furnished apparel store in the city. Support her now!
Asha is a retailpreneur who works 10 hours a day for 7 days a week. With this loan Asha will potentially obtain employment for 455 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Asha Sharma 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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