Deepak is a smart entrepreneur with his own professional services center in Niwari, Madhya Pradesh, where he lives with his family of seven. He has a shop where he offers various online services to all his customers. This loan will help Deepak in furnishing and decorating his shop, purchase a laptop to manage his work in a better way. This way, he can take more works and deliver them on time. Support Deepak now!
Deepak is a service entrepreneur who works 8 hours a day for 6 days a week. With this loan Deepak will potentially obtain employment for 312 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Deepak Prajapati 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
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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