Dharmendra owns a retail store in the city of Jhansi. In order to sustain a healthy business, he needs to keep his shelves continuously stocked. In the time that he has been in business, he has learned to manage his finances carefully, which includes saving some funds to restock when needed. This loan will help Dharmendra replace items that have sold out so that he may maintain an efficient amount of stock.
Dharmendra is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Dharmendra 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. Dharmendra 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
₹ 35,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
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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