Bharat Kumar hails from Niwari and is running a small store for the last three years. Bharat wants to add more products to his shop so that it becomes the go-to place for all household essentials. His customers are increasing day by day and business looks promising. With this loan, he intends to upscale quickly which will add more revenue in the future. Join Bharat's journey and invest in his venture today!
Bharat Kumar is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Bharat Kumar 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. Bharat Kumar Kori 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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