Devsingh Rajpoot has been cultivating vegetables for over three years in Niwadi, Madhya Pradesh, where he lives with his family of eight. As the new season starts, he needs some credit to purchase quality seeds and packaging materials. This loan will also enable him to meet all the expenses of the season and provide better care to his plants. He hopes to run his business smoothly and get a good return. Invest in Devsingh today!
Devsingh is an agripreneur who works 8 hours a day for 7 days a week. With this loan Devsingh 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. Devsingh Rajpoot 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
₹ 40,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Agro products
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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