Bhagwandas is a courageous man, who has been living in Niwari his entire life and currently runs his own retail store, where he sells daily household items, such as milk, biscuits, matches, dhoop, etc. This loan will help Bhagwandas increase his inventory to better cater to his customer's needs. With enough inventory, there will be less running around for Bhagwandas to do and he will be able to settle down and focus on growing his business. Invest in him today!
Bhagwandas is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Bhagwandas 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. Bhagwandas Kushwaha 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
₹ 20,000
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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