Pawar is a resident of Nandurbar and is engaged in retail business. Her business involves selling stationary items and other items to customers with a reasonable profit margin. Her business started with just a few customers, but now she has a thriving business with a steady customer base. She needs this additional loan to expand her inventory and to reach out more customers. This is her first time to take a loan from anyone and she is determined to repay this money successfully.
Pawar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Pawar 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. Pawar Bebibai Suresh 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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