Chandan Kushwaha has been delivering professional services to his customers for over two years. This is the main source of income for his family of four. Now, he would like to expand his professional services in the field of the internet by adding a computer and a printer to his existing shop. These articles will help him to generate more income and add to the prosperity of his family. He will be able to deliver the services fast to his customers. Support him financially!
Chandan is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Chandan 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. Chandan 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
₹ 50,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Professional services
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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