Dara Singh is a resident of Mirzapur and is a fish farmer. He has been facing financial issues due to the ill effects of the pandemic, so he is requesting a loan to expand his fish farm. He will use this loan to buy medicines for his fish farm and feed for the fish. He will also fence the pond to protect the fish. His income will increase even more with the loan he is applying for now, and he will become financially stable. Invest in Dara Singh to meet his credit needs!
Dara is an agripreneur who works 5 hours a day for 7 days a week. With this loan Dara will potentially obtain employment for 227 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Dara Singh 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
Animal husbandry
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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