Devendra Kumar Rajak is a well established professional who has been coaching school children and college students for almost 13 years now. He is now looking to expand his coaching centre. He wishes to add new furniture and purchase infrastructure and stationary for his classes. With the assistance of this loan, Devendra will help his students achieve success and also teach them the skills they need to face the challenges of life.
Devendra Kumar is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Devendra 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. Devendra Kumar Rajak 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
Impact
Partner
up to 3.20%
5.76% APR
Platform
charges
1.60%
2.88% 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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