Ashok Shrivas is a dedicated individual with a full-time job in the construction field who also happens to be a talented painter. He has used his skills to paint the walls and decorate them. However, as he looks to expand his business by purchasing new painting equipment, he needs some financial assistance to give his business a boost. It's time for you to get involved in this creative effort in order to support his business's overall growth!
Ashok is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Ashok 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. Ashok Shrivas 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
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
Construction
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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